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Earnings (Loss) Per Common Share (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Reconciliation of Net (Loss) Income and Weighted-Average Shares of Common Stock Outstanding for Calculating Basic and Diluted (Loss) Income Per Share

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