Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2012

Net Income (Loss) Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

2. NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding. Diluted net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares and dilutive common stock equivalent shares outstanding.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
	(in thousands, except per share data)						(in thousands, except per share data)
Net income (loss)	$	(49,554	)	$	(4,020	)	$	(59,220	)	$	(908	)
Weighted-average number of shares of common stock and common stock equivalents outstanding:
Weighted-average number of common shares outstanding for computing basic earnings per share		22,824			22,623			22,691			21,254
Dilutive effect of warrants and stock options after application of the treasury stock method*		—			—			—			—
Weighted-average number of common shares outstanding for computing diluted earnings per share		22,824			22,623			22,691			21,254
Net Income (loss) per share – basic	$	(2.17	)	$	(0.18	)	$	(2.61	)	$	(0. 04	)
Net Income (loss) per share – dilutive	$	(2.17	)	$	(0.18	)	$	(2.61	)	$	(0.04	)

* Warrants, stock options, restricted stock units and stock appreciation rights to acquire 7,371,471 and 7,463,668 shares of common stock were excluded from the net income (loss) per share calculation for the three months and nine months ended September 30, 2012 and 2011, respectively, as their effect would have been anti-dilutive.