NET (LOSS) INCOME PER COMMON SHARE

3 Months Ended

Mar. 31, 2016

NET (LOSS) INCOME PER COMMON SHARE

NET (LOSS) INCOME PER COMMON SHARE

NOTE 5—NET (LOSS) INCOME PER COMMON SHARE

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. The 50,000contingently issuable shares related to the acquisition of CCI were excluded from basic and diluted earnings per share since the contingency has not been met as of the reporting period.  Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would share in the net income of the Company. At March 31, 2016 and 2015, the effect of 34,374 and 68,748 stock appreciation rights have not been considered in the diluted earnings per share, since the market price of the stock was less than the exercise price during the period in the computation, respectively.  In addition, 0.1 million restricted shares have not been considered in the diluted earnings per share calculation for the three months ended March 31, 2015, as the effect would be anti-dilutive. 

The following tables set forth the computation of basic and diluted earnings per share:

	Three Months Ended March 31,
	2016		2015
Basic:
Net (loss) income attributable to ISG	$	(699)	$	853
Weighted average common shares		37,340		37,032
(Loss) earnings per share attributable to ISG	$	(0.02)	$	0.02
Diluted:
Net (loss) income attributable to ISG	$	(699)	$	853
Interest expense of convertible debt, net of tax		—		16
Net (loss) income, attributable to ISG, as adjusted	$	(699)	$	869
Basic weighted average common shares		37,340		37,032
Potential common shares		—		1,458
Diluted weighted average common shares		37,340		38,490
Diluted (loss) earnings per share attributable to ISG	$	(0.02)	$	0.02