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LOSS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2012
Basic and Diluted Net Income (Loss) Per Share
     Year Ended December 31,  
     2012     2011     2010  
     (in thousands)  

Net income (loss)

   $ (121,287   $ (2,318   $ (32,177

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

     23,602        21,599        18,539   

Dilutive effect of warrants and stock options after application of the treasury stock method*

     0        0        0   
  

 

 

   

 

 

   

 

 

 

Weighted average number of common shares outstanding for computing diluted earnings per share

     23,602        21,599        18,539   
  

 

 

   

 

 

   

 

 

 

Net income (loss) per share—basic and diluted

   $ (5.14   $ (0.11   $ (1.74
  

 

 

   

 

 

   

 

 

 

 

* Warrants, stock options, restricted stock units and stock appreciation rights to purchase approximately 5,858,000, 7,285,000 and 6,359,000 shares of common stock as of December 31, 2012, 2011 and 2010, respectively, were excluded from the net loss per share calculation as their effect would have been anti-dilutive.