EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2013

EARNINGS (LOSS) PER SHARE [Abstract]

EARNINGS (LOSS) PER SHARE

NOTE 4: EARNINGS (LOSS) PER SHARE

The Company calculates basic Earnings Per Share (“EPS”) by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. Diluted EPS also reflects the potential dilution that could occur if common stock were issued for awards outstanding under the 2008 Stock Incentive Plan. The Company reported a net loss and net income for the three months ended September 30, 2013 and 2012, respectively. In determining the potential dilution effect of outstanding stock options during the three months ended September 30, 2013 and 2012, the Company used the quarter’s average common stock close price of $19.48 and $6.22 per share, respectively. The Company reported net income and net loss for the nine months ended September 30, 2013 and 2012, respectively. For each of the periods, approximately 0.1 million shares of the Company’s common stock subject to options were excluded from the diluted EPS calculation, as the effect would have been antidilutive. In determining the potential dilution effect of outstanding stock options during the nine months ended September 30, 2013 and 2012, the Company used the nine month average common stock close price of $11.68 and $5.12 per share, respectively.