XML 38 R24.htm IDEA: XBRL DOCUMENT v3.2.0.727
Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Net Income Per Share [Abstract]  
Schedule Of Basic And Diluted Net Income Per Share
The following table presents the calculation of basic and diluted net income per share (in thousands, except per share information):

 
 
Three Months Ended
  
Six Months Ended
 
 
 
June 30,
  
June 30,
 
 
 
2015
  
2014
  
2015
  
2014
 
Net income
 
$
3,997
  
$
6,387
  
$
8,063
  
$
9,433
 
Basic:
                
Weighted-average shares of common stock outstanding
  
33,333
   
31,564
   
33,190
   
31,147
 
Shares used in computing basic net income per share
  
33,333
   
31,564
   
33,190
   
31,147
 
Effect of dilutive securities:
                
Stock options
  
-
   
96
   
1
   
113
 
Restricted stock subject to vesting
  
354
   
485
   
429
   
592
 
Contingently issuable shares (1)
  
-
   
38
   
-
   
19
 
Shares issuable for acquisition consideration (2)
  
451
   
1,088
   
531
   
1,078
 
Shares used in computing diluted net income per share
  
34,138
   
33,271
   
34,151
   
32,949
 
                 
Basic net income per share
 
$
0.12
  
$
0.20
  
$
0.24
  
$
0.30
 
Diluted net income per share
 
$
0.12
  
$
0.19
  
$
0.24
  
$
0.29
 
                 
Anti-dilutive options and restricted stock not included in the calculation of diluted net income per share
  
-
   
290
   
54
   
145
 

(1)For the three and six months ended June 30, 2014, this represents the Company's estimate of shares to be issued to Clear Task, Inc. ("Clear Task") pursuant to the Asset Purchase Agreement.

(2)For the three and six months ended June 30, 2015, this represents the shares held in escrow pursuant to: (i) the Agreement and Plan of Merger with ForwardThink Group Inc. ("ForwardThink"); (ii) the Asset Purchase Agreement with BioPharm Systems, Inc. ("BioPharm"); (iii) the Asset Purchase Agreement with Trifecta Technologies, Inc. and Trifecta Technologies Canada, Limited (together "Trifecta"); and (iv) the Asset Purchase Agreement with Zeon (as defined below) as part of the consideration. For the three and six months ended June 30, 2014, this represents the shares held in escrow pursuant to: (i) the Agreement and Plan of Merger with Northridge Systems, Inc.;  (ii) the Agreement and Plan of Merger with TriTek Solutions, Inc.; (iii) the Asset Purchase Agreement with Clear Task; (iv) the Asset Purchase Agreement with CoreMatrix Systems, LLC; (v) the Agreement and Plan of Merger with ForwardThink; (vi) the Asset Purchase Agreement with BioPharm; and (vii) the Asset Purchase Agreement with Trifecta as part of the consideration.