Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2013

Net Income (Loss) Per Share

Net Income (Loss) Per Share

Note 7—Net Income (Loss) Per Share

        A reconciliation of the basic and diluted net income (loss) per share computations for the three and six months ended June 30, 2013 and 2012 is as follows (in thousands, except per share data):

	For the three months ended June 30,
	2013						2012
	Basic			Diluted			Basic		Diluted
Numerator:
Income (loss) from continuing operations	$	(34,492	)	$	(34,492	)	$	26,756	$	26,756
Income from discontinued operations		—			—		$	5,180	$	5,180
Denominator:
Average number of common shares outstanding		62,632			62,632			62,537		62,537
Effect of dilutive securities:
Stock awards and warrants(1)		—			—			—		243
		62,632			62,632			62,537		62,780
Income (loss) from continuing operations	$	(0.55	)	$	(0.55	)	$	0.43	$	0.43
Income from discontinued operations		—			—			0.08		0.08
Net income (loss) per share	$	(0.55	)	$	(0.55	)	$	0.51	$	0.51

	For the six months ended June 30,
	2013						2012
	Basic			Diluted			Basic		Diluted
Numerator:
Income (loss) from continuing operations	$	(83,936	)	$	(83,936	)	$	67,372	$	67,372
Income from discontinued operations		—			—		$	5,180	$	5,180
Denominator:
Average number of common shares outstanding		62,614			62,614			62,503		62,503
Effect of dilutive securities:
Stock awards and warrants(1)		—			—			—		256
		62,614			62,614			62,503		62,759
Income (loss) from continuing operations	$	(1.34	)	$	(1.34	)	$	1.08	$	1.08
Income from discontinued operations		—			—			0.08		0.08
Net income (loss) per share	$	(1.34	)	$	(1.34	)	$	1.16	$	1.16

(1)

Stock awards represent the weighted average number of shares of common stock issuable on the exercise of dilutive employee stock options and restricted stock units, less the number of shares of common stock which could have been purchased with the proceeds from the exercise of such stock awards. These purchases were assumed to have been made at the average market price of the common stock for the period. In periods of net loss, the number of shares used to calculate diluted earnings per share is the same as basic earnings per share; therefore, the effect of dilutive securities is zero for such periods. The weighted average number of stock options outstanding for the three months ended June 30, 2013 and 2012 totaling 599,630 and 234,323, respectively, were excluded from the calculation above because their effect would have been anti-dilutive. Additionally, the weighted average number of stock options outstanding for the six months ended June 30, 2013 and 2012 totaling 481,635 and 205,378, respectively, were excluded from the calculation above because their effect would have been anti-dilutive.

• The tables below set forth stock options exercised and restricted stock units vested for the three and six months ended June 30, 2013 and 2012:

	For the three months ended June 30,
	2013		2012
Stock options		—		—
Restricted stock units		8,803		10,856
Total		8,803		10,856

	For the six months ended June 30,
	2013		2012
Stock options		24,831		19,059
Restricted stock units		25,676		28,815
Total		50,507		47,874