NET INCOME (LOSS) PER COMMON SHARE (Block)

6 Months Ended

Jun. 30, 2016

Earnings Per Share Abstract

Earnings Per Share Text Block

5. NET INCOME (LOSS) PER COMMON SHARE

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

				Three Months Ended				Six Months Ended
				June 30,				June 30,
				2016		2015		2016		2015
			(amounts in thousands except per share data)
Basic Income (Loss) Per Share
	Numerator
		Net income (loss) available to the Company		$	10,834	$	6,747	$	15,246	$	6,654
		Preferred stock dividends			412		-		825		-
		Net income (loss) available to common shareholders		$	10,422	$	6,747	$	14,421	$	6,654
	Denominator
		Basic weighted average shares outstanding			38,469		38,074		38,463		38,071
		Basic net income (loss) per share available
		to common shareholders		$	0.27	$	0.18	$	0.37	$	0.17
Diluted Income (Loss) Per Share
	Numerator
		Net income (loss) available to the Company		$	10,834	$	6,747	$	15,246	$	6,654
		Preferred stock dividends			-		-		825		-
		Net income (loss) available to common shareholders		$	10,834	$	6,747	$	14,421	$	6,654
	Denominator
		Basic weighted average shares outstanding			38,469		38,074		38,463		38,071
		Effect of RSUs and options under the treasury stock
		method			738		855		811		956
		Preferred stock under the as if converted method			1,923		-		-		-
		Diluted weighted average shares outstanding			41,130		38,929		39,274		39,027
		Diluted net income (loss) per share available
		to common shareholders		$	0.26	$	0.17	$	0.37	$	0.17

Disclosure Of Anti-Dilutive Shares

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

		Three Months Ended				Six Months Ended
		June 30,				June 30,
Impact Of Equity Issuances		2016		2015		2016		2015
		(amounts in thousands, except per share data)
Shares excluded as anti-dilutive under the treasury stock method:
	Options		-		-		13		-
	Price range of options: from	$	-	$	-	$	11.36	$	-
	Price range of options: to	$	-	$	-	$	11.78	$	-
	RSUs with service conditions		-	-	7		-		6
RSUs excluded with service and market conditions as
market conditions not met			628		165		628		165
RSUs excluded with service and performance conditions as
performance conditions not met			21		8		21		8
Perpetual cumulative convertible preferred stock treated as
anti-dilutive under the as if method			-		-		1,923		-