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Earnings (Loss) Per Common Share (Tables)
3 Months Ended
Mar. 31, 2016
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 March 31,

 

(In thousands, except share and per share amounts)

 

2016

 

 

2015

 

Net loss

 

$

(6,421

)

 

$

(1,114

)

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

Basic

 

 

13,858,128

 

 

 

13,858,128

 

Diluted

 

 

13,858,128

 

 

 

13,858,128

 

Net loss per common share:

 

 

 

 

 

 

 

 

Basic

 

$

(0.46

)

 

$

(0.08

)

Diluted

 

$

(0.46

)

 

$

(0.08

)