STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Shares Reserved for Futures Issuance

In addition, at June 30, 2016 and December 31, 2015, the Company had reserved the following number of shares of its authorized but unissued common stock for possible future issuance in connection with the following (in thousands):

	June 30, 2016	December 31, 2015
Exercise and future grants of stock options	2,700	2,700
Exercise of stock warrants	2,000	2,000
Conversion of preferred stock	8,200	8,200
Approved but unissued restricted common stock	1,180	1,565
Total authorized but unissued shares	14,080	14,465

Schedule of Earnings Per Share, Basic and Diluted

The following table presents a reconciliation of net loss from continuing operations to net loss attributable to common shareholders used in the basic and diluted loss per share calculations for the three and six months ended June 30, 2016 and 2015 (amounts in thousands, except for share and per share data):

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Earnings allocable to common shares:
Numerator - Income (Loss) Attributable to Common Shareholders:
Net income (loss) from continuing operations	$	(4,525	)	$	5,181		$	(9,292	)	$	2,769
Net (income) loss attributable to noncontrolling interest	18			(586		)	73			(586		)
Preferred dividends (cash and deemed)	(1,153		)	(1,104		)	(2,294		)	(2,192		)
Net income (loss) attributable to common shareholders	$	(5,660	)	$	3,491		$	(11,513	)	$	(9	)
Denominator - Weighted average shares:
Weighted average common shares outstanding for basic loss per common share	15,922,321			15,279,062			15,910,197			15,264,946
Weighted average common shares outstanding for diluted earnings per common share	15,922,321			27,690,271			15,910,197			15,264,946
Basic loss per common share:
Net income (loss) attributable to common shareholders per share	$	(0.36	)	$	0.23		$	(0.72	)	$	—
Diluted earnings per common share:
Net income (loss) attributable to common shareholders per share	$	(0.36	)	$	0.13		$	(0.72	)	$	—

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following weighted average securities were not included in the computation of diluted net loss per share as their effect would have been anti-dilutive (in thousands):

	Three Months Ended June 30,		Six Months Ended June 30,
	2016	2015	2016	2015
Options to purchase common stock	981	—	955	702
Restricted stock	843	—	855	1,515
Warrants to purchase common stock	2,000	—	2,000	2,000
Convertible preferred stock	8,200	—	8,200	8,200
Total	12,024	—	12,010	12,417