Quarterly report pursuant to Section 13 or 15(d)

Earnings and Net Income (Loss) per Common Share (Tables)

v2.4.0.6
Earnings and Net Income (Loss) per Common Share (Tables)
 3 Months Ended
Jun. 30, 2012
Earnings and Net Income (Loss) per Common Share  
Schedule of reconciliation of the denominators used to calculate basic EPS and diluted EPS

 

 

 

 

Three Months

 

Three Months

 

 

 

Ended

 

Ended

 

 

 

June 30,

 

June 30,

 

 

 

2012

 

2011

 

 

 

 

 

 

 

Basic net income (loss) per common share

 

 

 

 

 

Net income (loss)

 

$

6,600

 

$

(4,966

)

Weighted-average common shares outstanding

 

30,341,021

 

27,738,534

 

Basic net income (loss) per common share

 

$

0.22

 

$

(0.18

)

 

 

 

Three Months

 

Three Months

 

 

 

Ended

 

Ended

 

 

 

June 30,

 

June 30,

 

 

 

2012

 

2011

 

 

 

 

 

 

 

Diluted net income (loss) per common share

 

 

 

 

 

Net income (loss)

 

$

6,600

 

$

(4,966

)

Weighted-average common shares outstanding

 

30,341,021

 

27,738,534

 

Common share equivalents:

 

 

 

 

 

Stock options issued

 

1,069,124

 

—

 

Weighted average shares outstanding – dilutive (1)

 

31,410,145

 

27,738,534

 

Basic net income (loss) per common share

 

$

0.21

 

$

(0.18

)

 

(1)         For the three months ended June 30, 2011 the Company was in a net loss position, therefore 1,288,173 common stock equivalents were not included in the calculation of diluted loss per common share since they would have had a dilutive effect.