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NET INCOME (LOSS) PER SHARE (Tables)
9 Months Ended
Sep. 30, 2013
NET INCOME (LOSS) PER SHARE  
Computations for basic and diluted net income (loss) per share

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

(In thousands, except per share data) 

 

2013

 

2012

 

2013

 

2012

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(46,985

)

$

(34,692

)

$

(120,772

)

$

12,782

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

109,343

 

97,590

 

102,739

 

91,834

 

Less: unvested RSAs

 

(2,418

)

(2,563

)

(2,418

)

(2,563

)

Weighted-average common shares outstanding — basic

 

106,925

 

95,027

 

100,321

 

89,271

 

Dilutive effect of equity incentive plans and ESPP

 

 

 

 

2,442

 

Weighted-average common shares outstanding and dilutive potential common shares - diluted

 

106,925

 

95,027

 

100,321

 

91,713

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

Basic net income (loss) per share

 

$

(0.44

)

$

(0.37

)

$

(1.20

)

$

0.14

 

Diluted net income (loss) per share

 

$

(0.44

)

$

(0.37

)

$

(1.20

)

$

0.14

(1)

 

(1)   In connection with the preparation of the Company’s unaudited condensed consolidated financial statements for the quarter ended September 30, 2013, the Company determined that its convertible subordinated notes were incorrectly included as dilutive securities using the “if-converted” method in the calculation of diluted earnings per share for the nine months ended September 30, 2012. Accordingly, the Company has corrected its calculation of diluted earnings per share for the nine months ended September 30, 2012 as presented herein to report diluted earnings per share of $0.14, which was previously reported in its quarterly report on Form 10-Q for the nine months ended September 30, 2012 as $0.18 per diluted share.

Schedule of anti-dilutive securities

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

(In thousands)

 

2013

 

2012

 

2013

 

2012

 

Shares issuable under equity incentive plans and ESPP

 

3,590

 

5,098

 

4,161

 

2,915

 

Shares issuable upon the conversion of convertible subordinated notes

 

10,503

 

6,668

 

16,262

 

6,668

 

Total anti-dilutive securities

 

14,093

 

11,766

 

20,423

 

9,583