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Net Income (Loss) per Share
 3 Months Ended
Mar. 31, 2013
Net Income (Loss) per Share

5. 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
March 31,

 

 

 

2013

2012

 

 

 

Numerator

 

 

Net (loss) income             

$              (4,202)             

$              5,284             

Preferred stock dividends earned             

              (93)                            )

              (186              )

 

 

 

Numerator for diluted EPS – net (loss) income  attributable to common stockholders             

$              (4,295)             

$              5,098             

 

 

 

Denominator:

 

 

Weighted-average shares outstanding             

 

 

Basic EPS             

              17,521                           

              2,092             

Effect of dilutive convertible preferred stock and warrants             

              —                           

              5,470,153             

 

 

 

Denominator for diluted EPS             

              —                           

              5,472,245             

 

 

 

Basic EPS             

$              (0.25)             

$              2.44             

 

 

 

Diluted EPS             

$              (0.25)             

$              0.00             

 

 

 

At March 31, 2013 and 2012, the potentially dilutive securities include 604 million and 496 shares, respectively, reserved for the exercise of outstanding stock options, RSUs and warrants.

The Series C-12 Preferred, Series D-12 Preferred and Series C-22 Preferred were convertible into 2.3 billion and 1.1 billion shares at March 31, 2013 and 2012, respectively.