Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of Weighted Average Common Shares Outstanding

The following is a reconciliation of the weighted-average common shares outstanding used for the computation of basic and diluted net income (loss) per common share:



	Three Months Ended June 30, 2017	Three Months Ended June 30, 2016	Six Months Ended June 30, 2017	Six Months Ended June 30, 2016
Basic weighted-average common shares outstanding	49,670,621	49,279,167	49,941,993	49,294,817
Effect of dilutive options, performance stock units and restricted stock	364,722	—	—	—
Dilute weighted-average shares outstanding	50,035,343	49,279,167	49,941,993	49,294,817

Amounts that could potentially dilute basic earnings per share

The following amounts were not included in the calculation of net income (loss) per diluted share because their effects were anti-dilutive:



(in thousands, except share data)	Three Months Ended June 30, 2017	Three Months Ended June 30, 2016	Six Months Ended June 30, 2017	Six Months Ended June 30, 2016
Stock-based compensation awards⁽¹⁾:
Stock options	577,500	584,375	921,970	584,375
Restricted stock to non-directors	—	606,523	934,819	606,523
Restricted stock to directors	—	86,016	141,957	86,016
Warrants:
Private placement warrants	6,160,000	6,160,000	6,160,000	6,160,000
Public warrants	9,823,072	9,823,072	9,823,072	9,823,072

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(1)	SARs and Phantom Shares are payable in cash and will, therefore, have no impact on number of shares.