EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The following table sets forth the components of the numerator and denominator for the computation of the basic and diluted earnings per share:

	Three Months Ended
	March 31,
	2016			2015
	(amounts in thousands, except per share data)
Numerator:
Net income attributable to common shareholders - Basic	$	19,022		$	2,934
Interest on Convertible Notes	838			829
Gain on derivative liability	(16,436		)	(2,147		)
Net income attributable to common shareholders - Diluted	$	3,424		$	1,616
Denominator:
Weighted average common shares - Basic	31,956			31,294
Effective of dilutive shares:
Share-based awards	703			639
Convertible Notes	3,521			3,521
Weighted average common shares - Diluted	36,180			35,454
Net income per share attributable to common shareholders - Basic	$	0.60		$	0.09
Net income per share attributable to common shareholders - Diluted	$	0.09		$	0.05

For the periods presented, no tax benefits have been assumed in the weighted average share calculation due to a full valuation allowance on the Company's deferred tax assets.