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Income (Loss) Per Common Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Income (loss) per common share
Income (Loss) Per Common Share
Basic net income (loss) per share (“EPS”) is calculated by dividing net income (loss) attributable to common stockholders by the weighted average shares outstanding during the period. Diluted EPS is calculated by adjusting weighted average shares outstanding for the dilutive effect of potential common shares, determined using the treasury-stock method. For purposes of the diluted EPS calculation, stock options, nonvested stock and restricted stock unit awards are considered to be potential common shares. During periods of net income, participating securities are allocated a proportional share of net income determined by dividing total weighted average participating securities by the sum of total weighted average common shares and participating securities (“the two-class method”). During periods of net loss, no effect is given to participating securities since they do not share in the losses of the Company.

The basic and diluted EPS calculations for the years ended December 31, 2014, 2013 and 2012 are presented below:
 
 
Year Ended December 31,
(in thousands, except share and per share amounts)
 
2014
 
2013
 
2012
Income (loss) from continuing operations
 
$
10,087

 
$
(5,036
)
 
$
(14,582
)
Redeemable Class B Senior Preferred stock deemed dividend
 
—

 
(1,836
)
 
(4,480
)
Accretion of beneficial conversion feature on Class C Convertible Preferred stock
 
—

 
—

 
(5,000
)
Income (loss) attributable to common stockholders, from continuing operations
 
10,087

 
(6,872
)
 
(24,062
)
Income from discontinued operations, net of tax
 
332

 
401

 
49

Income (loss) attributable to common stockholders
 
$
10,419

 
$
(6,471
)
 
$
(24,013
)
 
 
 
 
 
 
 
Weighted average common shares outstanding, basic
 
25,764,484

 
18,205,892

 
13,153,446

Effect of dilutive securities:
 
 
 
 
 
 
Nonvested stock
 
317,481

 
—

 
—

Stock options
 
138,820

 
—

 
—

Restricted stock units
 
5,330

 
—

 
—

Weighted average common shares outstanding, diluted
 
26,226,115

 
18,205,892

 
13,153,446

 
 
 
 
 
 
 
Basic and Diluted EPS
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
0.39

 
$
(0.38
)
 
$
(1.83
)
Income from discontinued operations
 
0.01

 
0.02

 
—

Net income (loss) per share
 
$
0.40

 
$
(0.36
)
 
$
(1.83
)


The following table provides the securities that could potentially dilute basic earnings per share in the future, but were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive:
 
 
Year Ended December 31,
 
 
2014
 
2013
 
2012
Stock option awards
 
811,834

 
714,484

 
772,851

Nonvested stock awards
 
44,245

 
427,993

 
396,073

Restricted stock units
 
—

 
10,000

 
—

Class C Convertible Preferred Stock (as converted basis)
 
—

 
—

 
4,454,889