Earnings (Loss) Per Common Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Earnings (Loss) Per Common Share

Note 5. Earnings (Loss) Per Common Share

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to shares of Common Stock by the basic weighted-average shares of Common Stock outstanding during the period. The calculation of diluted earnings per share is similar to basic, except the denominator includes the effect of dilutive common stock equivalents.

The following table is a reconciliation of net income and weighted-average shares of Common Stock outstanding for purposes of calculating basic and diluted income per share:

	Three months ended September 30,				Nine months ended September 30,
(In thousands, except share and per share amounts)	2015		2014		2015			2014
Net income (loss)	$	1,718	$	4,214	$	(144	)	$	8,484
Weighted average common shares outstanding:
Basic		13,835,128		9,124,452		13,835,128			9,124,452
Diluted		13,835,128		9,124,452		13,835,128			9,124,452
Net income (loss) per common share:
Basic	$	0.12	$	0.46	$	(0.01	)	$	0.93
Diluted	$	0.12	$	0.46	$	(0.01	)	$	0.93