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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Summary of Computation of Earnings Per Share

The following table provides a summary of net income (loss) and the number of common shares used in the computation of basic and diluted income (loss) per common share, which includes the weighted average number of common shares outstanding and the effect of dilutive potential common shares, if any.               

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

(Amounts in thousands, except per share amounts)

2016

 

 

2015

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to common stockholders

$

3,188

 

 

$

(4,709

)

 

$

(3,306

)

 

$

(14,440

)

Earnings allocated to unvested participating securities

 

(10

)

 

 

-

 

 

 

(19

)

 

 

-

 

Numerator for income (loss) per common share - basic

   and diluted

$

3,178

 

 

$

(4,709

)

 

$

(3,325

)

 

$

(14,440

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic income (loss) per common share -

   weighted average shares

 

217,122

 

 

 

212,107

 

 

 

214,763

 

 

 

212,107

 

Effect of dilutive employee stock options and

   restricted share awards (1)

 

16

 

 

 

-

 

 

 

-

 

 

 

-

 

Denominator for diluted income (loss) per common

   share - weighted average shares

 

217,138

 

 

 

212,107

 

 

 

214,763

 

 

 

212,107

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per common share - basic and diluted

$

0.01

 

 

$

(0.02

)

 

$

(0.02

)

 

$

(0.07

)

 

 

(1)

The effect of dilutive securities for the three months ended June 30, 2016 and 2015 excludes 49,182 and 53,247 weighted average share equivalents, respectively, and 51,252 and 53,095 weighted average share equivalents for the six months ended June 30, 2016 and 2015 respectively, as their effect was anti-dilutive.