Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Common Share (Tables)

v2.4.0.6
Basic and Diluted Net Income (Loss) Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2013
Basic and Diluted Net Income (Loss) Per Common Share [Abstract]  
Basic and diluted net income (loss) per share
Basic and diluted net income (loss) per share were determined as follows:

 
(in thousands, except share and per share amounts)
 
Three months ended
March 31,
 
 
2013
 
 
2012
 
 
 
 
 
 
 
Net income (loss)
 
$
3,354
 
 
$
(5,332
 )
Weighted average shares outstanding
 
 
24,800,936
 
 
 
24,145,488
 
Basic net income (loss) per common share
 
$
0.14
 
 
$
(0.22
 )
 
 
 
 
 
 
 
 
Net income (loss)
 
$
3,354
 
 
$
(5,332
 )
Weighted average shares outstanding
 
 
24,800,936
 
 
 
24,145,488
 
Effect of dilutive options and warrants
 
 
355,265
 
 
 
-
 
Weighted average shares outstanding assuming dilution
 
 
25,156,201
 
 
 
24,145,488
 
Diluted net income (loss) per common share
 
$
0.13
 
 
$
(0.22
 )
 
Antidilutive securities excluded from computation of earnings per share
We did not include the following securities in the table below in the computation of diluted net income (loss) per common share because the securities were anti-dilutive during the periods presented:
 
 
March 31,
 
 
2013
 
Warrants
 
 
35,683,943
 
Stock options
 
 
863,904
 
Preferred stock Series A
 
 
58,267,234
 
Preferred stock Series B
 
 
20,000,000
 
Total
 
 
114,815,081