Net Income (Loss) per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Net Income (Loss) per Share

Note 3. Net Income (Loss) per Share

Basic net income (loss) per share has been computed using the weighted-average number of common shares outstanding during the period. Dilutive net income (loss) per share was computed using the sum of the weighted average number of common shares outstanding and the potential number of dilutive common shares outstanding during the period. Potential common shares consist of the shares issuable upon exercise of stock options and warrants. Potentially dilutive securities have been excluded from the computation of diluted net income (loss) per share in 2013 and 2012 as their inclusion would be antidilutive. For the three months ended September 30, 2013 and 2012, respectively, 30,871,605 and 27,057,611 options and warrants were excluded from the calculation of diluted net loss per share because the effect was anti-dilutive. For the nine months ended September 30, 2013 and 2012, respectively, 30,757,165 and 27,690,399 options and warrants were excluded from the calculation of diluted net loss per share because the effect was anti-dilutive.

The following table sets forth the computation of basic and diluted net loss per share:

	Three months ended				Nine months ended
	September 30,				September 30,
( in thousands, except per share data)	2013		2012		2013		2012
Numerator:
Net income (loss)	$	579	$	5,142	$	10,774	$	(6,459	)
Denominator:
Weighted-average shares outstanding		131,951		131,951		131,951		131,951
Effect of dilutive securities:
Stock options		391		633		506		—
Weighted-average shares outstanding for diluted income (loss) per share		132,342		132,584		132,457		131,951
Net income (loss) per share:
Basic	$	0.00	$	0.04	$	0.08	$	(0.05	)
Diluted	$	0.00	$	0.04	$	0.08	$	(0.05	)