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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2017
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,
2017
 
2016
 
(amounts in thousands, except per share data)
Numerator:
 
 
 
Net (loss) income attributable to common shareholders - Basic
$
(2,010
)
 
$
19,022

Interest on Convertible Notes
694

 
838

Gain on derivative liability
(1,581
)
 
(16,436
)
Net (loss) income attributable to common shareholders - Diluted
$
(2,897
)
 
$
3,424

 
 
 
 
Denominator:
 
 
 
Weighted average common shares - Basic
32,872

 
31,956

Effective of diluted shares:
 
 
 
Share-based awards
674

 
703

Convertible Notes
2,934

 
3,521

Weighted average common shares - Diluted
36,480

 
36,180

 
 
 
 
Net (loss) income per share attributable to common shareholders - Basic
$
(0.06
)
 
$
0.60

 
 
 
 
Net (loss) income per share attributable to common shareholders - Diluted
$
(0.08
)
 
$
0.09



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.

The Convertible Notes were repaid in full on March 17, 2017. Applying the if-converted method, 2,934,271 shares (the weighted average shares outstanding through March 17, 2017) were included in diluted weighted average shares for the three months ended March 31, 2017 because their effect was dilutive.