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Net Income (Loss) per Share (Tables)
3 Months Ended
Mar. 31, 2013
Computation of basic and diluted EPS

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