Net (Loss) Income Per Share

12 Months Ended

Dec. 31, 2015

Note 12. Net (Loss) Income Per Share:

Basic earnings per share includes no dilution and is computed by dividing net income or loss available to common shareholders by the weighted average number of common shares outstanding for the period, including RSUs that are not subject to forfeiture. Diluted earnings per share includes the impact of dilutive securities such as stock options, and unvested shares of restricted stock and RSUs that are subject to forfeiture. The following table presents the computations of basic and diluted earnings per share for the periods indicated:

	Year Ended						Year Ended				Year Ended
	December 31, 2015						December 31, 2014				December 31, 2013
	Basic			Diluted			Basic		Diluted		Basic		Diluted
Weighted average shares outstanding:
Common stock (in thousands)		8,069			8,069			10,283		10,283		11,963		11,963
Stock options, unvested restricted stock and RSUs (in thousands)		—			—			—		1,182		—		997
Weighted average common and common equivalent shares outstanding (in thousands)		8,069			8,069			10,283		11,465		11,963		12,960
Net (loss) income applicable to common stock	$	(7,461	)	$	(7,461	)	$	17,019	$	17,019	$	92,912	$	92,912
Net (loss) income per common share	$	(0.92	)	$	(0.92	)	$	1.66	$	1.48	$	7.77	$	7.17

The following table presents the number of antidilutive stock options, unvested restricted stock and RSUs outstanding for the periods indicated (in thousands):

	Year Ended December 31,
	2015		2014		2013
Stock Options—Employees and directors		461		731		840
Stock Options—Non-employee		32		27		32
Restricted Stock, unvested		22		12		8
Restricted Stock Units, unvested		1,943		1,074		1,136
Total		2,458		1,844		2,016