Net Income (Loss) Per Common Share Data
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Net Income (Loss) Per Common Share Data
Net Income (Loss) Per Common Share Data
Basic net income (loss) per share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share is computed using the weighted-average number of common shares and, if dilutive, potential common shares outstanding during the period. The Company’s potential common shares consist of the incremental common shares issuable upon the exercise of stock options, and to a lesser extent, shares issuable upon the release of RSUs. The dilutive effect of these potential common shares is reflected in diluted earnings per share by application of the treasury stock method.
The following table presents the calculation of basic and diluted net loss per share for the three and nine month periods ended September 30, 2013 and 2014:
 
Three Months Ended,
September 30,
 
Nine Months Ended,
September 30,
 
2013
 
2014
 
2013
 
2014
 
(in thousands, except share and per share data)
Basic net loss per share:


 


 


 


  Numerator:


 


 


 


        Net loss
$
(832
)
 
$
(2,596
)
 
$
(1,539
)
 
$
(6,515
)
  Denominator:
 
 
 
 


 


        Weighted-average common shares outstanding
27,333,693

 
27,378,299

 
27,293,898

 
27,391,159

 
 
 
 
 
 
 
 
Basic net loss per share
$
(0.03
)
 
$
(0.09
)
 
$
(0.06
)
 
$
(0.24
)
 
 
 
 
 
 
 
 
Diluted net loss per share:
 
 
 
 


 


  Numerator:
 
 
 
 


 


        Net loss
$
(832
)
 
$
(2,596
)
 
$
(1,539
)
 
$
(6,515
)
  Denominator:
 
 
 
 


 


        Number of shares used in basic calculation
27,333,693

 
27,378,299

 
27,293,898

 
27,391,159

        Add weighted-average effect of dilutive securities:
 
 
 
 
 
 
 
              None

 

 

 

  Number of shares used in diluted calculation
27,333,693

 
27,378,299

 
27,293,898

 
27,391,159

 
 
 
 
 
 
 
 
Diluted net loss per share
$
(0.03
)
 
$
(0.09
)
 
$
(0.06
)
 
$
(0.24
)

The following equivalent shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented:
 
Three Months Ended,
September 30,
 
Nine Months Ended
September 30,
  
2013
 
2014
 
2013
 
2014
Antidilutive equity awards:
 
 
 
 
 
 
 
Stock options and RSUs
5,529,388

 
8,436,928

 
5,529,388

 
8,436,928