Net Income Per Share Calculations

3 Months Ended

Mar. 31, 2016

Net (Loss) Income Per Share Calculations

The computations of basic and diluted net loss or income per weighted average common share are noted below. Basic net loss or income per share is computed by dividing the net loss or income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net loss or income per share reflects the potential dilution that could occur if securities or other contracts were exercised or converted into common stock. RSAs are included in the weighted average common shares outstanding because the shares have all the same voting and dividend rights as issued and unrestricted common stock. RSUs are not included in diluted shares for financial reporting until authorized by the Compensation & Organization Committee of the Board of Directors.

There were no vested and outstanding Stock Appreciation Rights (SARs) as of March 31, 2016 and 65,436 shares of SARs vested and outstanding as of March 31, 2015. All SARs were dilutive, as shown in the table below.



	Three Months Ended March 31
	2016			2015
	(In thousands, except per share data)
Net (loss) income available to common stockholders	$	(798	)	$	1,575
Weighted average common shares outstanding, basic	47,905			47,825
Dilutive SARs (treasury method)	—			29
Weighted average common shares outstanding, dilutive	47,905			47,854
Net (loss) income per share - basic	$	(0.02	)	$	0.03
Net (loss) income per share - diluted	$	(0.02	)	$	0.03