Net Income (Loss) Per Share Calculations

3 Months Ended

Mar. 31, 2015

Net Income (Loss) Per Share Calculations

Net Income (Loss) Per Share Calculations

Note 5. Net Income (Loss) Per Share Calculations

The computations of basic and diluted net income or loss per weighted average common share are noted below. Basic net income or loss per share is computed by dividing the net income or loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net income or loss 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.

A total of 65,436 shares of Stock Appreciation Rights (SARs) were vested and outstanding and all were dilutive as of March 31, 2015 and there were 212,920 shares of SARs vested and outstanding and all were anti-dilutive as of March 31, 2014, as shown in the table below.

	Three Months Ended March 31
	2015		2014
Net income (loss) available to common stockholders	$	1,575	$	(5,476	)
Weighted average common shares outstanding, basic	47,825		47,756
Dilutive SARs (treasury method)	29		—
Weighted average common shares outstanding, dilutive	47,854		47,756
Net income (loss) per share - basic	$	0.03	$	(0.11	)
Net income (loss) per share - diluted	$	0.03	$	(0.11	)