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Net (Loss) Income Per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share
Note 13 — Net (Loss) Income Per Share
 The following is a summary of the basic and diluted net (loss) income per share computation for the three and six months ended June 30, 2016 and 2015:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands, except share and per share amounts)
 
2016
 
2015
 
2016
 
2015
Computation of Basic Net (Loss) Income Per Share:
 
 
 
 
 
 
 
 
Basic net (loss) income
 
$
(1,214
)
 
$
4,999

 
$
(4,193
)
 
$
5,045

Basic weighted-average shares outstanding
 
98,359,167

 
95,915,695

 
97,903,996

 
95,480,309

Basic net (loss) income per share
 
$
(0.01
)
 
$
0.05

 
$
(0.04
)
 
$
0.05

 
 
 
 
 
 
 
 
 
Computation of Diluted Net Income (Loss) Per Share:
 
 
 
 
 
 
 
 
Basic net (loss) income
 
$
(1,214
)
 
$
4,999

 
$
(4,193
)
 
$
5,045

Adjustments to net income (loss) for common share equivalents
 
—

 
(101
)
 
—

 
(101
)
Diluted net income (loss)
 
$
(1,214
)
 
$
4,898

 
$
(4,193
)
 
$
4,944

 
 
 
 
 
 
 
 
 
Basic weighted-average shares outstanding
 
98,359,167

 
95,915,695

 
97,903,996

 
95,480,309

Shares of unvested restricted stock (1)
 
—

 
14,051

 
—

 
14,771

OP Units
 
—

 
202

 
—

 
202

Diluted weighted-average shares outstanding
 
98,359,167

 
95,929,948

 
97,903,996

 
95,495,282

 
 
 
 
 
 
 
 
 
Diluted net (loss) income per share
 
$
(0.01
)
 
$
0.05

 
$
(0.04
)
 
$
0.05


_____________________
(1)
Weighted-average number of shares of unvested restricted stock outstanding for the periods presented. There were 9,600 and 12,000 shares of unvested restricted stock outstanding as of June 30, 2016 and 2015, respectively.
Diluted net loss per share assumes the conversion of all common stock equivalents into an equivalent number of common shares, unless the effect is antidilutive. The Company considers unvested restricted stock, OP Units and Class B Units to be common share equivalents, and thus were included in the calculation of diluted net income per share for the three and six months ended June 30, 2015 to the extent their effect was dilutive. The Company had the following common share equivalents on a weighted-average basis that were excluded from the calculation of diluted net loss per share as their effect would have been antidilutive for the three and six months ended June 30, 2016:
 
 
Three Months Ended June 30, 2016
 
Six Months Ended June 30, 2016
Unvested restricted stock
 
10,905

 
11,153

OP Units
 
202

 
202

Class B Units
 
479,802

 
479,802

Total common stock equivalents
 
490,909

 
491,157