Net Income (Loss) per Share

9 Months Ended

Sep. 30, 2012

Net Income (Loss) per Share [Abstract]

Net Income (Loss) per Share

11. Net Income (Loss) per Share

The following table sets forth the computation of basic and diluted EPS (in thousands, except per share amounts):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Numerator
Net income (loss)	$	(2,222	)	$	3,570		$	(4,632	)	$	1,775
Preferred stock dividends forfeited (earned)		(205	)		(3	)		(281	)		75
Numerator for basic EPS – net income (loss) attributable to common stockholders		(2,427	)		3,567			(4,913	)		1,850
Effect of dilutive securities:
Preferred stock dividends		—			—			—			—
Numerator for diluted EPS – net income (loss) attributable to common stockholders	$	(2,427	)	$	3,567		$	(4,913	)	$	1,850
Denominator:
Weighted-average shares outstanding
Basic EPS		13,253			533			8,995			224
Effect of dilutive convertible preferred stock and warrants		—			12,347			—			48,472
Denominator for diluted EPS		13,253			12,880			8,995			48,696
Basic EPS	$	(0.18	)	$	6.69		$	(0.55	)	$	8.25
Diluted EPS	$	(0.18	)	$	0.28		$	(0.55	)	$	0.04

At September 30, 2012 and 2011, the potentially dilutive securities include 5.4 billion and 44 million shares, respectively, reserved for the exercise of outstanding stock options and warrants.

At September 30, 2011, potentially dilutive securities of approximately 1,249 shares reserved for the exercise of outstanding stock options and warrants for common stock were excluded from the diluted EPS computation because their effect was anti-dilutive.

The Series C-1 ² Preferred was convertible into 1.2 billion and 8.6 million shares at September 30, 2012 and 2011, respectively. The Series D-1² Preferred was convertible into 766 million shares at September 30, 2012.