Earnings per Share

3 Months Ended

Mar. 31, 2016

Earnings per Share

Earnings per Share

Note 9. Earnings per Share

The following table illustrates the reconciliation of the numerators and denominators of the basic and diluted net income (loss) per share computations during the three months ended March 31, 2016 and 2015 (dollars in thousands, except per share amounts):

	Quarter Ended
	March 31,
	2016		2015
	(unaudited)
Net income (loss) available to common stockholders	$	3,370	$	(6,164)
Shares outstanding:
Weighted average shares outstanding - basic		46,933,094		46,494,638
Effect of dilutive securities:
Stock options		148,758		—
RSU's		452,909		—
Weighted average shares outstanding - diluted		47,534,761		46,494,638
Basic net income (loss) per common share	$	0.07	$	(0.13)
Diluted net income (loss) per common share	$	0.07	$	(0.13)