XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Condensed Consolidated Statements of Operations [Abstract]        
Revenue $ 78,303 $ 55,918 $ 157,498 $ 108,823
Cost of revenue 45,278 33,674 91,022 65,434
Gross margin 33,025 22,244 66,476 43,389
Expenses:        
Selling, general and administrative 15,776 12,729 30,689 23,069
Depreciation and amortization 1,038 1,015 1,996 2,037
Research and development 622 594 1,454 1,093
Total expenses 17,436 14,338 34,139 26,199
Income from operations 15,589 7,906 32,337 17,190
Other income (expense):        
Loss on extinguishment of debt (995) (3,225) (6,386) (3,225)
Change in fair value of warrant liability (6,524) (3,253) (2,649) (10,807)
Interest Expense (2,164) (4,489) (4,415) (9,346)
Other income (expense), net (343) 3 (350) 20
Total other income (expense) 3,022 (4,458) (8,502) (1,744)
Income before income taxes 18,611 3,448 23,835 15,446
Income Tax Expense (Benefit) (5,433) (1,322) (7,051) (2,946)
Net income 13,178 2,126 16,784 12,500
Accrued dividends and accretion of discount on preferred stock       (4,868)
Net income attributable to common stockholders $ 13,178 $ 2,126 $ 16,784 $ 7,632
Earnings per common share:        
Basic earnings per common share $ 0.27 $ 0.05 $ 0.35 $ 0.19
Diluted earnings per common share $ 0.25 $ 0.04 $ 0.33 $ 0.17
Weighted average common shares:        
Weighted average common shares used in computing basic earnings per common share 48,227 44,749 47,890 41,180
Weighted average common shares used in computing diluted earnings per common share 54,032 47,433 50,586 45,523