Equity

6 Months Ended

Jun. 30, 2011

Comprehensive Income [Abstract]

Equity

9. Equity

The following table is a summary of total equity for the six months ended June 30, 2011:

	Six Months Ended June 30, 2011
	Attributable			Noncontrolling interest
	to PCTEL			Redeemable			Permanent			Total
Balance at beginning of period	$	116,655		$	0		$	0		$	0
Net loss		(93	)		(1,258	)		(797	)		(2,055	)
Other comprehensive income		29			—			—			—
Comprehensive loss		(64	)		(1,258	)		(797	)		(2,055	)
Stock-based compensation, net		614			—			—			—
Initital capitalization for PCTEL Secure		—			1,944			456			2,400
Share-based payments for PCTEL Secure		—			1,648			—			1,648
Adjustment to temporary equity for PCTEL Secure		(1,272	)		—			1,272			1,272
Balance at end of period		(722	)		2,334			931			3,265
Total equity	$	115,933		$	2,334		$	931		$	3,265

Noncontrolling interest in the condensed consolidated financial statements consists of Eclipse’s 49% interest in PCTEL Secure. The $2.4 million represents 49% of the initial capitalization of the subsidiary. During the six months ended June 30, 2011, the Company recognized compensation costs of $3.4 million for three key contributors and 49% of the expense associated with these awards is credited to Eclipse’s noncontrolling interest. Since the redeemable equity is fixed at $0.9 million, the Company recorded a $1.3 million adjustment to retained earnings. See Note 6 for more information related to PCTEL Secure.

The following table is a summary of the activity in stockholders’ equity of the Company during the six months ended June 30, 2011 and 2010, respectively:

	Six Months Ended
	June 30,
	2011			2010
Number of common shares outstanding:
Balance at beginning of period		18,286			18,494
Common stock repurchases		(43	)		(215	)
Stock-based compensation, net of taxes		267			638
Balance at end of period		18,510			18,917
Common stock:
Balance at beginning of period	$	18		$	18
Stock-based compensation, net of taxes		—			1
Balance at end of period	$	18		$	19
Additional paid-in capital:
Balance at beginning of period	$	137,154		$	138,141
Stock-based compensation, net of taxes		873			2,058
Common stock repurchases		(259	)		(1,300	)
Tax Effect from stock-based compensation		—			(131	)
Balance at end of period	$	137,768		$	138,768
Accumulated deficit:
Balance at beginning of period	$	(20,578	)	$	(17,122	)
Adjustment related to temporary equity		(1,272	)		—
Net loss attributable to PCTEL, Inc.		(93	)		(1,824	)
Balance at end of period	$	(21,943	)	$	(18,946	)
Accumulated other comprehensive income:
Balance at beginning of period	$	61		$	31
Foreign translation		29			(5	)
Balance at end of period	$	90		$	26
Total stockholders’ equity of PCTEL, Inc.	$	115,933		$	119,867