Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Computations of Basic and Diluted Earnings Per Share

The computations of basic and diluted EPS are set forth below:

	For the Three Months Ended March 31,
	2017				2016
	(in thousands, except per share  amounts, unaudited)
Numerator for basic and diluted EPS — net income (loss) allocated to common stockholders	$	(746	)		$	4,357
Denominator for basic EPS — weighted average number of shares	31,904				31,646
Add — dilutive effect of:
Weighted average number of incremental shares issuable from restricted stock units	—			(1)	71
Denominator for diluted EPS — weighted average number of shares and dilutive potential shares	31,904				31,717
Earnings (loss) per share:
Basic	$	(0.02	)		$	0.14
Diluted	$	(0.02	)		$	0.14

The weighted number of shares and dilutive potential shares do not include 334,048 shares of common stock, which will be issued to certain selling unitholders of Cogent, following the fourth anniversary of the acquisition if the revenue target related to the Earnout is achieved. In the event that the revenue target is achieved, such shares will be included in the Company’s share count at March 31, 2019. If the revenue target is not achieved such shares of common stock will not be issued. See "Note 5 - Fair Value of Financial Instruments".

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(1) Excludes 183,813 shares for the three month period ended March 31, 2017, which were considered antidilutive and thus were not included in the above calculation.