EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2016

EARNINGS PER SHARE

Schedule of computation of basic and diluted earnings (loss) per share

	Three Months Ended
	March 31
	2016		2015
	(in thousands, except share and per share data)
Basic
Numerator:
Net income (loss)	$	(6,103)	$	745
Effect of unvested restricted stock awards		(18)		(19)
Adjusted net income (loss)	$	(6,121)	$	726
Denominator:
Weighted-average shares		25,822,522		26,051,038
Earnings (loss) per common share	$	(0.24)	$	0.03
Diluted
Numerator:
Net income (loss)	$	(6,103)	$	745
Effect of unvested restricted stock awards		(18)		(19)
Adjusted net income (loss)	$	(6,121)	$	726
Denominator:
Weighted-average shares		25,822,522		26,051,038
Effect of dilutive securities		—		537,480
Adjusted weighted-average shares and assumed conversions		25,822,522		26,588,518
Earnings (loss) per common share	$	(0.24)	$	0.03