Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Net Income (Loss) Per Share [Abstract]

Computation of Basic and Diluted Income (Loss) Per Common Share

Basic and diluted income (loss) per common share is computed as follows (in thousands except share and per share data):

	Three Months Ended June 30,					Six Months Ended June 30,
	2016		2015			2016		2015
Numerator:
Net income (loss) used for calculation of basic and diluted EPS	$	40,464	$	(21,376	)	$	10,101	$	23,753
Denominator:
Weighted average shares outstanding, basic		34,616,197		30,059,329			34,560,021		29,739,326
Effect of dilutive securities:
Stock options and restricted stock units		1,401,214		-			1,406,966		2,058,006
Weighted average shares outstanding, diluted		36,017,411		30,059,329			35,966,987		31,797,332
Net income (loss) per share, basic	$	$1.17	$	($0.71	)	$	$0.29	$	$0.80
Net income (loss) per share, diluted	$	$1.12	$	($0.71	)	$	$0.28	$	$0.75