EARNINGS PER SHARE

9 Months Ended

Sep. 30, 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					Nine Months Ended
	September 30,					September 30,
	2017		2016			2017			2016
	(amounts in thousands, except per share data)
Numerator:
Net income attributable to common shareholders - Basic	$	6,723	$	14,066		$	9,563		$	15,851
Interest on Convertible Notes	—		853			695			2,529
Gain on derivative liability	—		(7,105		)	(1,581		)	(19,970		)
Net income (loss) attributable to common shareholders - Diluted	$	6,723	$	7,814		$	8,677		$	(1,590	)
Denominator:
Weighted average common shares - Basic	35,748		32,221			34,768			32,088
Effective of diluted shares:
Share-based awards	288		513			444			606
Convertible Notes	—		3,521			967			3,521
Weighted average common shares - Diluted	36,036		36,255			36,179			36,215
Net income per share attributable to common shareholders - Basic	$	0.19	$	0.44		$	0.28		$	0.49
Net income (loss) per share attributable to common shareholders - Diluted	$	0.19	$	0.22		$	0.24		$	(0.04	)

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 paid in full on March 17, 2017. Applying the if-converted method, 967,342 shares were included in diluted weighted average shares for the nine months ended September 30, 2017 and 3,521,126 shares were included for the three and nine months ended September 30, 2016 because their effect was dilutive.