Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v2.4.0.6
Net Loss Per Common Share
 3 Months Ended
Mar. 31, 2012
Net Loss Per Common Share [Abstract]  
Net Loss Per Common Share

NOTE 2 — NET LOSS PER COMMON SHARE

Basic net loss per common share is computed by dividing net loss by the weighted-average number of vested common shares outstanding during the period. Diluted net loss per common share is computed by giving effect to all potential dilutive common shares, including outstanding options and warrants. A reconciliation of the numerator and denominator used in the calculation is as follows (in thousands, except per share amounts):

 

     Three Months Ended
March 31,		  
     2012     2011  

Numerator:

     

Net loss

    $ (115,533 )   $ (8,330 )
  

 

 

    

 

 

  

Denominator:

     

Weighted average common shares outstanding

      50,326        36,445   
  

 

 

    

 

 

  

Basic and diluted net loss per share

    $ (2.30 )   $ (0.23 )
  

 

 

    

 

 

  

The following outstanding warrants, options and purchase rights under the Company's 2004 Employee Stock Purchase Plan were excluded from the computation of diluted net loss per share for the periods presented because including them would have had an antidilutive effect (in thousands):

 

     As of March 31,  
     2012      2011  

Shares issuable upon exercise of warrants

      13,648         16,643   

Shares issuable upon exercise of stock options

      3,828         2,707   

Shares issuable related to the ESPP

      42         42