NET INCOME (LOSS) PER COMMON SHARE (Block)

9 Months Ended

Sep. 30, 2015

Earnings Per Share Abstract

Earnings Per Share Text Block

6. NET INCOME (LOSS) PER COMMON SHARE

The following tables present the computations of basic and diluted net income (loss) per share:

			Nine Months Ended				Three Months Ended
			September 30,				September 30,
			2015		2014		2015		2014
			(amounts in thousands except per share data)
Basic Income (Loss) Per Share
	Numerator
		Net income (loss) available to the Company	$	15,096	$	15,973	$	8,442	$	6,473
		Preferred stock dividends		339		-		339		-
		Net income (loss) available to common shareholders	$	14,757	$	15,973	$	8,103	$	6,473
	Denominator
		Basic weighted average shares outstanding		38,074		37,686		38,076		37,693
		Basic net income (loss) per share available
		to common shareholders	$	0.39	$	0.42	$	0.21	$	0.17
Diluted Income (Loss) Per Share
	Numerator
		Net income (loss) available to the Company	$	15,096	$	15,973	$	8,442	$	6,473
		Preferred stock dividends		339		-		339		-
		Net income (loss) available to common shareholders	$	14,757	$	15,973	$	8,103	$	6,473
	Denominator
		Basic weighted average shares outstanding		38,074		37,686		38,076		37,693
		Effect of RSUs and options under the treasury stock method		933		836		837		789
		Diluted weighted average shares outstanding		39,007		38,522		38,913		38,482
		Diluted net income (loss) per share available
		to common shareholders	$	0.38	$	0.41	$	0.21	$	0.17

Incremental Shares Disclosed As Anti-Dilutive

The following table provides the incremental shares excluded as they were anti-dilutive:

		Nine Months Ended				Three Months Ended
		September 30,				September 30,
Impact Of Equity Awards		2015		2014		2015		2014
		(amounts in thousands, except per share data
Dilutive or anti-dilutive for all potentially dilutive equivalent shares		dilutive		dilutive		dilutive			dilutive
Excluded shares as anti-dilutive under the treasury stock method:
	Options		14		32		23	30	30
	Price range of options: from	$	10.17	$	8.04	$	10.17	$	8.04
	Price range of options: to	$	11.78	$	35.05	$	11.78	$	35.05
	RSUs with service conditions		11		-		425	-	-
Excluded RSUs with service and market conditions as
market conditions not met			165		290		165		290
Excluded RSUs with service and performance conditions as
performance conditions not met			30		11		30		11
Perpetual cumulative convertible preferred stock as anti-dilutive
under the as if method			533		-		1,604		-