Note 12 — Earnings per Share

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



	For the Years Ended December 31,
	2017				2016		2015
	(in thousands, except per share amounts)
Numerator for basic and diluted EPS — net income (loss) allocated to common stockholders	$	(26,651	)		$	60,762	$	25,598
Denominator for basic EPS — weighted average number of shares	32,075				32,043		31,197
Add — dilutive effect of:
Weighted average number of incremental shares issuable from restricted stock units	—			(1)	31		3
Denominator for diluted EPS — weighted average number of shares and dilutive potential shares	32,075				32,074		31,200
Earnings (loss) per share:
Basic	$	(0.83	)		$	1.90	$	0.82
Diluted	$	(0.83	)		$	1.89	$	0.82

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, the shares of common stock will not be issued. See “Note 3 — Acquisition” and "Note 11 — Equity".

________________________


(1)	Excludes 223,438 shares for the year ended December 31, 2017, which were considered antidilutive and thus were not included in the above calculation.