Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2015

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.

The basic and diluted EPS calculations for the three months endedMarch 31, 2015 and 2014 are presented below:

	Three Months Ended March 31,
(in thousands, except share and per share amounts)	2015		2014
Income (loss) from continuing operations	$	1,851	$	(3,309	)
Income from discontinued operations, net of tax	8		21
Net income (loss)	$	1,859	$	(3,288	)
Weighted average outstanding shares of common stock	26,092,117		25,684,014
Effect of dilutive securities:
Nonvested stock	21,620		—
Stock options	142,459		—
Restricted stock units	11,990		—
Weighted average shares and dilutive shares	26,268,186		25,684,014
Basic and diluted EPS
Income (loss) from continuing operations	$	0.07	$	(0.13	)
Income from discontinued operations	—		—
Net income (loss) per share	$	0.07	$	(0.13	)

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:

	Three Months Ended March 31,
	2015	2014
Stock options	474,296	719,484
Nonvested stock awards	—	427,993
Restricted stock units	—	10,000