Earnings Per Common Share

9 Months Ended

Sep. 30, 2015

Earnings Per Common Share [Abstract]

Earnings Per Common Share

(3)  Earnings per Common Share

We report basic earnings per common share, which excludes the effect of potentially dilutive securities, and diluted earnings per common share which include the effect of all potentially dilutive securities unless their impact is anti-dilutive. The following are reconciliations of the numerators and denominators of our basic and diluted earnings per share, (in thousands except for share and per share amounts):

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Income (numerator):
Net income (loss)	$	(4,963)	$	425	$	(5,553)	$	1,227
Weighted average shares (denominator):
Weighted average shares – basic		60,842,413		60,842,413		60,842,413		60,842,413
Dilution effect of share-based compensation, treasury method		—		8,896		—		10,024
Weighted average shares – dilutive		60,842,413		60,851,309		60,842,413		60,852,437
Earnings (loss) per share – Basic and Dilutive:
Basic	$	(0.08)	$	0.01	$	(0.09)	$	0.02
Dilutive	$	(0.08)	$	0.01	$	(0.09)	$	0.02