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(LOSS) EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
(LOSS) 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):
 
 
Year Ended December 31,
 
2014
 
2013
 
2012
Numerator for basic and diluted (loss) earnings per share:
 
 
 
 
 
(Loss) earnings from continuing operations
$
(2,358
)
 
$
4,395

 
$
17,855

Gain from disposal of discontinued operation, net of tax
218

 
4,890

 

Income from discontinued operations, net of tax

 
642

 

Net (loss) earnings applicable to common shareholders
$
(2,140
)
 
$
9,927

 
$
17,855

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Denominator for basic (loss) earnings per share — weighted
   average shares
12,661

 
11,801

 
11,557

Assumed exercise of stock options

 
28

 
24

Assumed satisfaction of restricted stock conditions

 
62

 
15

Denominator for diluted (loss) earnings per share — adjusted
   weighted average shares
12,661

 
11,891

 
11,596


 
There is no dilutive effect of the restricted stock and stock options for the year ended December 31, 2014 due to the year to date net loss. There would have been 107,090 shares included in the diluted earnings per share calculation for the year ended December 31, 2014 had the impact of including these securities not been anti-dilutive. For the years ended December 31, 2014, 2013 and 2012, there were 39,752 shares, 52,125 shares, and 145,262 shares, respectively, of certain stock-based compensation awards excluded from the calculation of diluted earnings per share, as they were anti-dilutive.