EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2015

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 6: EARNINGS PER SHARE

Basic earnings per common share is computed on the basis of weighted-average outstanding shares of common stock. Diluted earnings per common share is computed on the basis of basic weighted-average outstanding common shares adjusted for the dilutive effect, if any, of dilutive securities which included outstanding stock options and nonvested restricted stock awards.

The following table summarizes basic and diluted earnings per share (in thousands, except per share amounts).

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015			2014		2015			2014
Net income (loss)	$	(19,180	)	$	5,010	$	(20,688	)	$	(707	)
Weighted-average common shares outstanding:
Basic common shares	36,706			35,780		36,509			35,339
Effect of dilutive securities	—			508		—			—
Diluted common shares	36,706			36,288		36,509			35,339
Net income (loss) per common share:
Basic net income (loss) per common share	$	(0.52	)	$	0.14	$	(0.57	)	$	(0.02	)
Diluted net income (loss) per common share	$	(0.52	)	$	0.14	$	(0.57	)	$	(0.02	)
Potentially dilutive shares excluded from the calculation:
Stock options and nonvested shares excluded as their inclusion would be anti-dilutive	1,447			1,695		1,087			2,359