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Basic and Diluted Net Income per Common Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Reconciliation
The numerators and denominators used in computing basic and diluted net income per common share for the three and nine months ended September 30, 2014 and 2013 can be reconciled as follows (dollars in thousands, except per share data):
 
 
Three months ended  
 September 30,
 
Nine months ended  
 September 30,
 
2014
 
2013
 
2014
 
2013
Net (loss) income
$
2,432

 
$
1,492

 
$
(1,303
)
 
$
49,611

 
 
 
 
 
 
 
 
Weighted-average shares outstanding - basic
71,653,141

 
47,212,330

 
59,128,342

 
47,175,243

Dilutive securities
79,255

 
356,240

 
47,543

 
277,852

Weighted-average shares outstanding - diluted
71,732,396

 
47,568,570

 
59,175,885

 
47,453,095

Common stock equivalent shares excluded due to antidilutive effect

 
32,399

 
589,198

 
32,399

 
 
 
 
 
 
 
 
Basic and diluted:
 

 
 

 
 
 
 
Net income (loss) per common share
$
0.03

 
$
0.03

 
$
(0.02
)
 
$
1.05

Net income (loss) per common share (diluted)
$
0.03

 
$
0.03

 
$
(0.02
)
 
$
1.05