Income (Loss) Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Income (Loss) Per Share

Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted income (loss) per share is based on the weighted average number of shares outstanding during each period and the assumed exercise of potentially dilutive stock options and vesting of restricted stock units less the number of treasury shares assumed to be purchased from the proceeds using the average market price of the Company’s stock for each of the periods presented.

Basic and diluted income (loss) per common share from continuing operations is computed as follows (in thousands, except share and per share amounts):

	Three Months Ended   March 31,
	2016			2015
Net loss from continuing operations applicable to common shares (numerator for basic and diluted calculation)	$	(13,298	)	$	(44,944	)
Weighted average number of common shares outstanding for basic loss per share	60,756,314			49,819,388
Weighted average number of potentially dilutive common shares outstanding	—			—
Weighted average number of common shares outstanding for diluted loss per share	60,756,314			49,819,388
Loss per common share from continuing operations:
Basic	$	(0.22	)	$	(0.90	)
Diluted	$	(0.22	)	$	(0.90	)

The Company has excluded shares potentially issuable under the terms of use of the securities listed below from the computation of diluted income per share, as the effect would be anti-dilutive:

	Three Months Ended   March 31,
	2016	2015
Stock options	50,000	227,750
Restricted stock and restricted stock units	574,009	571,137
	624,009	798,887