XML 25 R10.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings (Loss) Per Common Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) Per Common Share
EARNINGS (LOSS) PER COMMON SHARE
The following tables set forth the computations of basic and diluted earnings (loss) per common share (in thousands, except per share data):
 
 
 
Years Ended December 31,
Basic earnings (loss) per common share:
 
2016
 
2015
 
2014
Numerator:
 
 
 
 
 
 
Net income (loss) from continuing operations
 
$
2,229

 
$
1,539

 
$
(2,699
)
Net loss from discontinued operations
 
(1,324
)
 
(4,765
)
 
(4,827
)
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted-average common shares outstanding
 
21,969

 
25,868

 
28,707

 
 
 
 
 
 
 
Basic earnings (loss) per common share from continuing operations
 
$
0.10

 
$
0.06

 
$
(0.09
)
Basic loss per common share from discontinued operations
 
$
(0.06
)
 
$
(0.18
)
 
$
(0.17
)

 
 
Years Ended December 31,
Diluted earnings (loss) per common share:
 
2016
 
2015
 
2014
Numerator:
 
 
 
 
 
 
Net income (loss) from continuing operations
 
$
2,229

 
$
1,539

 
$
(2,699
)
Net loss from discontinued operations
 
(1,324
)
 
(4,765
)
 
(4,827
)
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted-average common shares outstanding
 
21,969

 
25,868

 
28,707

 Incremental shares from stock-based compensation plans
 
47

 
36

 

Denominator for diluted earnings per common share
 
22,016

 
25,904

 
28,707

 
 
 
 
 
 
 
Diluted earnings (loss) per common share from continuing operations
 
$
0.10

 
$
0.06

 
$
(0.09
)
Diluted loss per common share from discontinued operations
 
$
(0.06
)
 
$
(0.18
)
 
$
(0.17
)

Weighted-average shares outstanding excludes antidilutive shares underlying options that totaled 2.9 million, 3.3 million, and 3.3 million shares, respectively, from the computation of diluted earnings (loss) per common share for the years ended December 31, 2016, 2015, and 2014. Weighted-average shares outstanding excludes antidilutive Performance Units issuable under the Company's 2006 Management Incentive Plan that totaled less than 0.1 million shares from the computation of diluted earnings (loss) per common share for the year ended December 31, 2014. The number of common shares we used in the basic and diluted earnings (loss) per common share computations include nonvested restricted shares of less than 0.1 million, 2.7 million, and 0.5 million for the years ended December 31, 2016, 2015, and 2014, respectively, and nonvested restricted share units that we consider to be participating securities of less than 0.1 million for the years ended December 31, 2016, 2015 and 2014.