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Income (Loss) Per Share
12 Months Ended
Dec. 31, 2014
Notes to Financial Statements [Abstract]  
Income (Loss) Per Share
NOTE O — INCOME (LOSS) PER SHARE
 
The following is a reconciliation of the common shares outstanding with the number of shares used in the computation of income (loss) per common and common equivalent share:
 
 
Year Ended December 31,
 
 
2014
 
2013
 
2012
 
 
(In Thousands)
Number of weighted average common shares outstanding
 
78,600

 
77,954

 
77,293

Assumed exercise of stock options
 

 
886

 
670

Average diluted shares outstanding
 
78,600

 
78,840

 
77,963


 
For the year ended December 31, 2014, the average diluted shares outstanding excludes the impact of all outstanding stock options, as the inclusion of these shares would have been antidilutive due to the net loss recorded during the year. For the year ended December 31, 2013, the average diluted shares outstanding excludes the impact of 2,061,534 of average outstanding stock options that have exercise prices in excess of the average market price, as the inclusion of these shares would have been antidilutive. For the year ended December 31, 2012, the average diluted shares outstanding excludes the impact of 2,832,192 of average outstanding stock options that have exercise prices in excess of the average market price, as the inclusion of these shares would have been antidilutive.