Stockholders' Equity (Deficit)

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Stockholders' Equity (Deficit)

Stockholders’ Equity (Deficit)

Common Stock — Our authorized capital stock consists of 60,000,000 shares of common stock with a par value of $0.01 per share, with 29,871,354 and 29,448,779 shares outstanding as of December 31, 2016 and 2015, respectively.

Preferred Stock — Our authorized capital stock consists of 5,000,000 shares of preferred stock with a par value of $0.01 per share, with no shares outstanding as of December 31, 2016 and 2015.

Earnings Per Share — Basic earnings per share is determined by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings per share presented is determined by dividing net income by the weighted average number of common shares and potential common shares outstanding during the period as determined by the Treasury Stock Method. Potential common shares are included in the diluted earnings per share calculation when dilutive.

Diluted earnings per share for years ended December 31, 2016, 2015 and 2014 includes the effects of potential common shares when dilutive (in thousands, except per share amounts):

	2016		2015		2014
Net income attributable to common stockholders — basic and diluted	$	6,785	$	7,060	$	7,630
Weighted average number of common shares outstanding	29,530		29,209		28,926
Dilutive effect of outstanding stock options and restricted stock grants after application of the treasury stock method	348		190		191
Dilutive shares outstanding	29,878		29,399		29,117
Basic earnings per share attributable to common stockholders	$	0.23	$	0.24	$	0.26
Diluted earnings per share attributable to common stockholders	$	0.23	$	0.24	$	0.26

For the years ended December 31, 2016 and 2015, diluted earnings per share excludes 350 thousand shares and 501 thousand shares, respectively, of nonvested restricted stock as the effect would have been anti-dilutive. As of December 31, 2014, diluted earnings per share excludes 23 thousand shares of nonvested restricted stock and 29 thousand shares of outstanding stock options as the effect would have been anti-dilutive.

Dividends — We have not declared or paid any cash dividends in the past. The terms of the Second ARLS Agreement and the 7.875% Notes Indenture restricts the payment or distribution of our cash or other assets, including cash dividend payments.