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BASIC AND DILUTED NET INCOME (LOSS) PER SHARE (Tables)
3 Months Ended
Mar. 31, 2013
BASIC AND DILUTED NET INCOME (LOSS) PER SHARE  
Schedule of shares used to calculate diluted earnings per share

 

 

 

Three months ended
March 31,

 

 

 

2013

 

2012

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

Net income (loss)

 

$

(6,763

)

$

28,840

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted average number of common shares outstanding

 

34,353,277

 

34,136,333

 

Effect of dilutive securities:

 

 

 

 

 

Stock options

 

 

129,305

 

Dilutive potential common shares

 

 

129,305

 

Shares used in calculating diluted earnings per share

 

34,353,277

 

34,265,638

 

 

Schedule of number of shares of potentially dilutive common stock related to options and warrants that were excluded from the calculation of dilutive shares

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2013

 

2012

 

Options

 

5,736,970

 

4,334,082

 

Warrants

 

4,086

 

4,086

 

Total

 

5,741,056

 

4,338,168