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Earnings Per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

As of September 30, 2015 and 2014, there were 28,130,508 and 21,402,990 issued and outstanding shares of common stock, respectively.

Basic net income per share is computed by dividing the net earnings attributable to common shareholders by the weighted average number of common shares outstanding during the period.

Diluted earnings per share is computed by dividing net income, adjusted to include expenses recognized associated with convertible debt, attributable to common shareholders by the weighted average number of common shares outstanding, increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. Conversion or exercise of the potential common shares is not reflected in diluted earnings per share unless the effect is dilutive. The dilutive effect, if any, of outstanding common share equivalents is reflected in diluted earnings per share by application of the treasury stock method and if-converted method, as applicable.

The following tables reconcile actual basic and diluted earnings per share for the three months and nine months ended September 30, 2015 and 2014 (in thousands except share and per share data).
 
For the Three Months Ended
September 30,
 
For the Nine Months Ended
September 30,
 
2015(1)
 
2014(2)
 
2015(1)
 
2014(2)
Income (loss) per share:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income (loss) from continuing operations
$
(13,491
)
 
$
(4,264
)
 
$
(16,689
)
 
$
(13,863
)
Net income (loss) from discontinued operations
$
(113
)
 
$
(249
)
 
$
(416
)
 
$
(454
)
Net income (loss)
$
(13,604
)
 
$
(4,513
)
 
$
(17,105
)
 
$
(14,317
)
Basic and diluted income (loss) per common share:
 
 
 
 
 
 
 
Basic and diluted income (loss) from continuing operations
$
(0.48
)
 
$
(0.20
)
 
$
(0.70
)
 
$
(0.65
)
Basic and diluted income (loss) from discontinued operations
$
—

 
$
(0.01
)
 
$
(0.02
)
 
$
(0.02
)
Basic and diluted income (loss) per share available to common shareholders
$
(0.48
)
 
$
(0.21
)
 
$
(0.72
)
 
$
(0.67
)
Denominator:
 
 
 
 
 
 
 
Basic and diluted
28,084,254

 
21,361,930

 
23,827,030

 
21,352,086


(1)
The computation of diluted EPS does not include 41,259 shares of restricted stock, 774,394 options, 6,240,521 warrants up to 10,738,165 shares of underlying common stock issuable upon conversion of the Convertible Notes and 323,500 performance shares, as the effect of their inclusion would have been anti-dilutive.
(2)
The computation of diluted EPS did not include 815,448 options, 6,240,521 warrants, 41,060 shares of restricted stock, up to 10,464,491 shares of underlying common stock issuable upon conversion of the Convertible Notes and 299,500 performance shares for the three months and nine months ended September 30, 2014, as the effect of their inclusion would have been anti-dilutive.