Net Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

Note 6. Net Income (Loss) Per Common Share

Net income (loss) per common share—basic is calculated by dividing Net income (loss) by the weighted average number of shares of common stock outstanding during the period. Net income (loss) per common share—diluted assumes the conversion of all potentially dilutive securities and is calculated by dividing Net income (loss) by the sum of the weighted average number of shares of common stock outstanding plus potentially dilutive securities. Net income (loss) per common share—diluted considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect. A reconciliation of Net income (loss) per common share is as follows:

	Three Months Ended March 31,
(In thousands, except per share amounts)	2017		2016
Net income (loss)	$	729	$	(6,421	)
Net income (loss) per common share:
Basic	$	0.03	$	(0.46	)
Diluted	$	0.03	$	(0.46	)
Weighted average common shares outstanding
Basic		22,276,996		13,820,128
Add potentially dilutive securities:
Nonvested restricted stock units		308,478		—
Diluted weighted average common shares outstanding		22,585,474		13,820,128

For the three months ended March 31, 2016, there were no restricted stock units issued or outstanding under the Company’s 2014 Long-Term Incentive Plan.