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Earnings (Loss) Per Common Share
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings (Loss) Per Common Share
EARNINGS (LOSS) PER COMMON SHARE
The following tables set forth the computations of basic and diluted earnings (loss) per common share (in thousands, except per share data):
 
 
 
Years Ended December 31,
Basic earnings (loss) per common share:
 
2014
 
2013
 
2012
Numerator:
 
 
 
 
 
 
Net income (loss)
 
$
(7,526
)
 
$
(186
)
 
$
5,392

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted-average common shares outstanding
 
28,707

 
29,169

 
25,566

 
 
 
 
 
 
 
Basic earnings (loss) per common share
 
$
(0.26
)
 
$
(0.01
)
 
$
0.21


 
 
Years Ended December 31,
Diluted earnings (loss) per common share:
 
2014
 
2013
 
2012
Numerator:
 
 
 
 
 
 
Net income (loss)
 
$
(7,526
)
 
$
(186
)
 
$
5,392

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted-average common shares outstanding
 
28,707

 
29,169

 
25,566

 Incremental shares from stock-based compensation plans
 

 

 
571

Denominator for diluted earnings per common share
 
28,707

 
29,169

 
26,137

 
 
 
 
 
 
 
Diluted earnings (loss) per common share
 
$
(0.26
)
 
$
(0.01
)
 
$
0.21


Weighted-average shares outstanding excludes antidilutive shares underlying options that totaled 3.3 million, 3.0 million, and 1.6 million shares, respectively, from the computation of diluted earnings (loss) per common share for the years ended December 31, 2014, 2013, and 2012. Weighted-average shares outstanding excludes antidilutive Performance Units issuable under the Company's 2006 Management Incentive Plan that totaled less than 0.1 million shares from the computation of diluted earnings (loss) per common share for the years ended December 31, 2014 and 2013. As a result of the net loss for the years ended December 31, 2014 and 2013, all shares underlying stock options and Performance Units were considered antidilutive. The number of common shares we used in the basic and diluted earnings (loss) per common share computations include nonvested restricted shares of 0.5 million, 0.7 million, and 0.9 million for the years ended December 31, 2014, 2013, and 2012, respectively, and nonvested restricted share units that we consider to be participating securities of 0.1 million for the year ended December 31, 2014 and 0.2 million for the years ended December 31, 2013 and 2012.