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Selected Quarterly Financial Data
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
(in thousands, except share and per share data) 
Year ended Year ended December 31, 2013
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Revenues
$
37,224

 
$
42,198

 
$
33,848

 
$
47,405

 
$
160,675

Operating (loss)/income
$
(3,045
)
 
$
(636
)
 
$
(4,076
)
 
$
5,860

 
$
(1,897
)
Net (loss)/income
$
(3,273
)
 
$
(1,180
)
 
$
(4,295
)
 
$
6,976

 
$
(1,772
)
(Loss)/earnings per share—basic and diluted
$
(0.05
)
 
$
(0.02
)
 
$
(0.06
)
 
$
0.12

 
$
(0.03
)
Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
Basic
67,241,626

 
67,371,869

 
67,490,820

 
57,630,635

 
64,912,368

Diluted
67,241,626

 
67,371,869

 
67,490,820

 
58,011,641

 
64,912,368

Year ended Year ended December 31, 2012
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Revenues
$
49,831

 
$
47,884

 
$
43,549

 
$
56,363

 
$
197,627

Operating (loss)/income
$
(4,182
)
 
$
(2,885
)
 
$
(50,689
)
 
$
1,360

 
$
(56,396
)
Net (loss)/income
$
(3,613
)
 
$
(2,704
)
 
$
(50,878
)
 
$
1,110

 
$
(56,085
)
(Loss)/earnings per share—basic and diluted
$
(0.05
)
 
$
(0.04
)
 
$
(0.76
)
 
$
0.02

 
$
(0.83
)
Weighted average common shares outstanding
 
 
 
 
 
 
 
 
 
Basic
67,065,741

 
67,224,593

 
67,271,211

 
67,330,288

 
67,231,463

Diluted
67,065,741

 
67,224,593

 
67,271,211

 
67,621,961

 
67,231,463

Note: Basic and diluted earnings per share are computed independently for each quarter and full year presented. Accordingly, the sum of the quarterly earnings per share data may not agree with the calculated full year earnings per share. For the year ended December 31, 2012, the non-cash goodwill impairment charge amounted to $0.66 per share.
Fourth Quarter 2013 Items:
Results include restructuring charges of approximately $2.8 million. Restructuring charges include employee severance and other employee-related termination costs.
Fourth Quarter 2012 Items:
Results include restructuring charges of approximately $3.5 million. Restructuring charges include employee severance and other employee-related termination costs, as well as recruiting costs.