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NET (LOSS) INCOME PER SHARE (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Basic and Diluted Net (Loss) Income Per Share
     Three Months Ended June 30,      Six Months Ended June 30,  
     2013     2012      2013     2012  
    

(in thousands, except

per share amounts)

    

(in thousands, except

per share amounts)

 

Net (loss) income

   $ (19,051 )   $ 8,038      $ (61,135 )   $ (9,666 )

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

     31,984       22,624        31,899       22,624  

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

     —          34        —          —     

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

     31,984       22,658        31,899       22,624  

Net (loss) income per share — basic

   $ (0.60 )   $ 0.36      $ (1.92 )   $ (0.43 )

Net (loss) income per share — diluted

   $ (0.60 )   $ 0.35      $ (1.92 )   $ (0.43 )

 

* Warrants, stock options, restricted stock units (RSUs) and stock appreciation rights (SARs) to purchase approximately 6,788,000 and 6,949,000 shares of common stock were excluded from the net loss per share calculation for the three months ended June 30, 2013 and 2012, respectively, as their effect would have been anti-dilutive. Additionally, warrants, stock options, RSUs and SARs to purchase approximately 6,788,000 and 6,992,000 shares of common stock were excluded from the net loss per share calculation for the six months ended June 30, 2013 and 2012, respectively, as their effect would have been anti-dilutive.