XML 51 R19.htm IDEA: XBRL DOCUMENT v3.3.0.814
Earnings Per Common Share
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Common Share
EARNINGS PER COMMON SHARE
The following table presents the calculation of basic and diluted EPS for the Company’s common stock for the three and nine months ended September 30, 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 and nine months ended September 30, 2015 and 2014 (amounts in thousands, except per share amounts):
 
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
727

 
$
1,967

 
$
5,031

 
$
(8,773
)
Less: Net income allocated to participating securities
(80
)
 

 
(209
)
 

Numerator for basic and diluted earnings (loss) available to common stockholders
$
647

 
$
1,967

 
$
4,822

 
$
(8,773
)
Denominator:
 
 
 
 
 
 
 
Weighted-average basic common shares outstanding
39,125

 
22,255

 
33,916

 
22,238

Weighted-average diluted common shares outstanding
39,125

 
22,436

 
33,916

 
22,238

 
 
 
 
 
 
 
 
Earnings (loss) per common share, basic
$
0.02

 
$
0.09

 
$
0.14

 
$
(0.39
)
Earnings (loss) per common share, diluted
$
0.02

 
$
0.09

 
$
0.14

 
$
(0.39
)

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 and nine months ended September 30, 2015 and the nine months ended September 30, 2014, as their inclusion would have been anti-dilutive.