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Net Income (Loss) Per Share
3 Months Ended
Sep. 30, 2011
Net Income (Loss) Per Share [Abstract] 
Net Income (Loss) Per Share

4. Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands, except per share data).

 

                 
    Three Months Ended
September 30,
 
    2011     2010  

Net income (loss)

  $ (3,688   $ 392  
   

 

 

   

 

 

 

Weighted average common basic shares

    48,227       48,037  

Effect of dilutive securities

    —         472  
   

 

 

   

 

 

 

Weighted average common dilutive shares

    48,227       48,509  
   

 

 

   

 

 

 

Basic and diluted net income (loss) per share

  $ (0.08   $ 0.01  
   

 

 

   

 

 

 

For the three months ended September 30, 2011, the computation of diluted net loss per share did not include 0.1 million shares of unvested restricted common stock as their inclusion would have been anti-dilutive. For the three months ended September 30, 2010, the computation of diluted net income per share included 0.5 million shares of unvested restricted common stock. Options to purchase approximately 4.5 million shares and 4.6 million shares for the three months ended September 30, 2011 and 2010, respectively, were not included in the computation of diluted net income (loss) per share as their exercise prices were in excess of the average stock prices for the periods presented.