Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2011

Net Income (Loss) Per Share

Net Income (Loss) Per Share

18.  NET INCOME (LOSS) PER SHARE

Basic income (loss) per share is based on the weighted average number of common shares outstanding.  Diluted income (loss) per share is based on the weighted average number of common shares outstanding, as well as dilutive potential common shares which, in the Company's case, comprise shares issuable under its equity compensation plans described in Note 12 of the consolidated financial statements.  The treasury stock method is used to calculate dilutive shares, which reduces the gross number of dilutive shares by the number of shares purchasable from the proceeds of the options assumed to be exercised and the unrecognized expense related to the restricted stock and restricted stock unit awards assumed to have vested.

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30 (in thousands):

		Three Months Ended June 30,				Six Months Ended June 30,
Numerator:		2011		2010		2011		2010
Income from continuing operations	$	7,246	$	2,593	$	8,687	$	201
Income (loss) from discontinued operations		559		888		7,527		(17,951)
Income (loss) available to common stockholders	$	7,805	$	3,481	$	16,214	$	(17,750)
Denominator for basic income (loss) per share:
Weighted average shares outstanding		30,441		30,297		30,433		30,279
Denominator for diluted income (loss) per share:
Weighted average shares outstanding		30,441		30,297		30,433		30,279
Common stock options and restricted stock		185		162		177		163
Weighted average shares and conversions		30,626		30,459		30,610		30,442