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(LOSS) EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
 
Basic (loss) earnings per share is computed using the weighted average number of shares of common stock outstanding during the period. For diluted (loss) earnings per share, the weighted average number of shares includes common stock equivalents related to stock options and restricted stock. The following table presents the basis of the (loss) earnings per share computation (in thousands):
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2014
 
2013
 
2014
 
2013
Numerator for basic and diluted (loss) earnings per share:
 

 
 

 
 
 
 
(Loss) earnings from continuing operations
$
(7,578
)
 
$
1,173

 
$
(6,900
)
 
$
3,269

Gain from disposal of discontinued operation and income from
   discontinued operations, net of tax

 
306

 
218

 
515

Net (loss) earnings applicable to common shareholders
$
(7,578
)
 
$
1,479

 
$
(6,682
)
 
$
3,784

 
 
 
 
 
 
 
 
Denominator:
 

 
 

 
 
 
 
Denominator for basic (loss) earnings per share — weighted
   average shares
12,715

 
11,721

 
12,643

 
11,681

Assumed exercise of stock options

 
29

 

 
28

Assumed satisfaction of restricted stock conditions

 
63

 

 
61

Denominator for diluted (loss) earnings per share — adjusted
   weighted average shares
12,715

 
11,813

 
12,643

 
11,770


 
There is no dilutive effect of the restricted stock and stock options for the three and nine months ended September 30, 2014 due to the current period and year to date net loss. There would have been 108,701 and 103,998 shares included in the diluted earnings per share calculation for the three and nine months ended September 30, 2014 had the impact of including these securities not been anti-dilutive. Shares of certain stock-based awards totaling 36,516 and 47,793 were excluded from the calculation of diluted earnings per share for the three months ended September 30, 2014 and 2013, respectively, as they were anti-dilutive. For the nine months ended September 30, 2014 and 2013, there were 44,208 shares and 53,524 shares, respectively, of certain stock-based compensation awards excluded from the calculation of diluted earnings per share, as they were anti-dilutive.