XML 65 R14.htm IDEA: XBRL DOCUMENT v2.4.1.9
EARNINGS (LOSS) PER SHARE
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE
EARNINGS (LOSS) PER SHARE
Basic earnings (loss) per share is computed by dividing the Company’s net income (loss) by the weighted average number of shares outstanding during the period. When the effects are not anti-dilutive, diluted earnings (loss) per share is computed by dividing the Company’s net income (loss) by the weighted average number of shares outstanding and the impact of all dilutive potential common shares, primarily stock options “in-the-money”, unvested restricted stock and unvested restricted stock units. The dilutive impact of stock options, unvested restricted stock, and unvested restricted stock units is determined by applying the “treasury stock” method. Performance-based restricted stock awards are included in the computation of diluted earnings per share only to the extent that the underlying performance conditions: (i) are satisfied prior to the end of the reporting period; or (ii) would be satisfied if the end of the reporting period were the end of the related performance period and the result would be dilutive under the treasury stock method. Stock awards subject to vesting or exercisability based on the achievement of market conditions are included in the computation of diluted earnings per share only when the market conditions are met.
A reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share calculations for the three months ended March 31, 2015 and 2014 were as follows:

 
 
Three Months Ended March 31,
 
 
2015
 
2014
Earnings (loss) per share ("EPS"):
 
 

 
 

EPS - basic and diluted:
 
 
 
 
Income (loss) from continuing operations
 
$
(0.20
)
 
$
(0.13
)
Income (loss) from discontinued operations
 
(0.01
)
 
(0.01
)
Net income (loss)
 
$
(0.21
)
 
$
(0.14
)
EPS numerator - basic and diluted:
 
 

 
 

Income (loss) from continuing operations
 
$
(6,654
)
 
$
(4,112
)
Income (loss) from discontinued operations
 
(184
)
 
(432
)
Net income (loss)
 
$
(6,838
)
 
$
(4,544
)
EPS denominator (in thousands):
 
 

 
 

Weighted average common stock outstanding - basic
 
33,053

 
32,641

Common stock equivalents: stock options and other stock-based awards (a)
 
—

 
—

Weighted average number of common stock outstanding - diluted
 
33,053

 
32,641


(a)
For the periods in which net losses are presented, the diluted weighted average number of shares of common stock outstanding did not differ from the basic weighted average number of shares of common stock outstanding because the effects of any potential common stock equivalents (see Note 6 for further details on outstanding stock options, unvested restricted stock units and unvested restricted stock) were anti-dilutive and therefore not included in the calculation of the denominator of dilutive earnings per share.
The weighted average number of shares outstanding used in the computation of diluted net income (loss) per share for the three months ended March 31, 2015 and 2014 did not include the effect of the following potentially outstanding shares of common stock because the effect would have been anti-dilutive:
 
 
Three Months Ended
 
 
March 31,
 
 
2015
 
2014
Unvested restricted stock
 
1,089,702

 
423,261

Unvested restricted stock units
 
165,794

 
64,917

Stock options
 
647,800

 
786,300

Total
 
1,903,296

 
1,274,478