| Net Income (Loss) Per Share |
14. Net Income (Loss) Per
Share
The following
table sets forth the information needed to compute basic and
diluted earnings per share for the years ended December 31,
2013, 2012 and 2011:
|
|
|
|
|
|
|
|
|
|
|
|
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| |
|
Year Ended
December 31, |
|
| |
|
2013 |
|
|
2012 |
|
|
2011 |
|
| |
|
(In thousands, except
per share amounts) |
|
|
Net (loss)
income
|
|
$ |
(20,939 |
) |
|
$ |
(1,928 |
) |
|
$ |
15,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic (loss) income
per common share:
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|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common
shares outstanding, basic
|
|
|
60,687,478 |
|
|
|
60,687,478 |
|
|
|
56,292,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic net (loss) income
per share
|
|
$ |
(0.35 |
) |
|
$ |
(0.03 |
) |
|
$ |
0.27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted (loss) income
per common share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common
shares outstanding, basic
|
|
|
60,687,478 |
|
|
|
60,687,478 |
|
|
|
56,292,511 |
|
|
Options to purchase
common shares
|
|
|
— |
|
|
|
— |
|
|
|
293,248 |
|
|
Outstanding warrants and
options to purchase warrants
|
|
|
— |
|
|
|
— |
|
|
|
2,695,566 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common
shares outstanding, diluted
|
|
|
60,687,478 |
|
|
|
60,687,478 |
|
|
|
59,281,325 |
|
|
Diluted net (loss) income
per share
|
|
$ |
(0.35 |
) |
|
$ |
(0.03 |
) |
|
$ |
0.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The following
table sets forth the number of potential shares of common stock
that have been excluded from diluted net (loss) income per share
because their effect was anti-dilutive:
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|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended
December 31, |
|
| |
|
2013 |
|
|
2012 |
|
|
2011 |
|
|
Options to purchase
common shares
|
|
|
4,340,750 |
|
|
|
1,524,160 |
|
|
|
1,833,130 |
|
|
Outstanding warrants and
options to purchase warrants
|
|
|
27,443,727 |
|
|
|
17,443,727 |
|
|
|
1,265,000 |
|
|
Amended and Restated
Convertible notes
|
|
|
28,748,424 |
|
|
|
8,353,518 |
|
|
|
7,447,995 |
|
|
Amended and Restated
Reimbursement notes
|
|
|
1,274,334 |
|
|
|
— |
|
|
|
— |
|
|
Amended and Restated
Bridge notes
|
|
|
3,254,246 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
65,061,481 |
|
|
|
27,321,407 |
|
|
|
10,546,125 |
|
|
|
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