Earnings Per Common Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Common Share

10. EARNINGS PER COMMON SHARE

The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three months ended March 31, 2015 and 2014, and reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three months ended March 31, 2015 and 2014 (amounts in thousands, except per share amounts):

	For the Three Months Ended March 31,
	2015			2014
Numerator:
Net income (loss)	$	2,038		$	(400	)
Less: Net income allocated to participating securities		(36	)		—
Numerator for basic and diluted earnings (loss) available to common stockholders	$	2,002		$	(400	)
Denominator:
Weighted-average basic and diluted common shares outstanding		31,317			22,168
Basic and diluted earnings (loss) per common share	$	0.06		$	(0.02	)

The Company’s unvested restricted shares associated with its incentive award plan and unvested restricted shares issued to employees of Ensign at the Spin-Off have been excluded from the above calculation of earnings (loss) per share for the three months ended March 31, 2015 and 2014, as their inclusion would have been anti-dilutive.