EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 5: EARNINGS PER SHARE

Basic earnings per common share is computed on the basis of weighted-average outstanding shares of common stock. Diluted earnings per common share is computed on the basis of basic weighted-average outstanding common shares adjusted for the dilutive effect, if any, of dilutive securities which included outstanding stock options and nonvested restricted stock awards.

The following table summarizes basic and diluted earnings per share (in thousands, except per share amounts).

	Three Months Ended March 31,
	2016			2015
Net income (loss)	$	(65	)	$	1,733
Weighted-average common shares outstanding:
Basic common shares	37,068			36,281
Effect of dilutive securities	—			633
Diluted common shares	37,068			36,914
Net income (loss) per common share:
Basic net income (loss) per common share	$	—		$	0.05
Diluted net income (loss) per common share	$	—		$	0.05
Potentially dilutive shares excluded from the calculation:
Stock options and nonvested shares excluded as their inclusion would be anti-dilutive	2,453			137