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Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
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:

 

     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:

      

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:

 

     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