Income/(loss) Per Common Share

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Income/(loss) Per Common Share

Income/(loss) Per Common Share

The computation of basic net income/(loss) per share is based on the weighted average number of common shares outstanding for the three and six months ended June 30, 2018 and 2017. Diluted net income/(loss) per share gives effect to stock awards, stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted net income per share as of June 30, 2018 does not include 1,452 stock awards, 352,000 stock options and 152,266 warrants, as their effect was anti-dilutive. Diluted net loss per share for the three months ended June 30, 2017 does not include 1,843,211 stock awards, 1,865,865 stock options and 152,266 warrants, as their effect was anti-dilutive.

	Three Months Ended					Six Months Ended
	June 30, 2018		June 30, 2017			June 30, 2018		June 30, 2017
Net income/(loss)	$	3,450,767	$	(5,888,466	)	$	3,503,512	$	(16,956,914	)
Weighted Average Shares - Basic	70,515,320		70,329,050			70,484,240		67,996,330
Dilutive effect of stock options and restricted stock units	1,571,660		—			1,076,535		—
Weighted Average Shares - Diluted	72,086,980		70,329,050			71,560,775		67,996,330
Basic income/(loss) per share	$	0.05	$	(0.08	)	$	0.05	$	(0.25	)
Diluted income/(loss) per share	$	0.05	$	(0.08	)	$	0.05	$	(0.25	)