NET INCOME (LOSS) PER COMMON SHARE (Block)

9 Months Ended

Sep. 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				Nine Months Ended
				September 30,				September 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		$	11,420	$	8,442	$	26,666	$	15,096
		Preferred stock dividends			526		339		1,351		339
		Net income (loss) available to common shareholders		$	10,894	$	8,103	$	25,315	$	14,757
	Denominator
		Basic weighted average shares outstanding			38,485		38,076		38,457		38,074
		Basic net income (loss) per share available
		to common shareholders		$	0.28	$	0.21	$	0.66	$	0.39
Diluted Income (Loss) Per Share
	Numerator
		Net income (loss) available to the Company		$	11,420	$	8,442	$	26,666	$	15,096
		Preferred stock dividends			-		339		1,351		339
		Net income (loss) available to common shareholders		$	11,420	$	8,103	$	25,315	$	14,757
	Denominator
		Basic weighted average shares outstanding			38,485		38,076		38,457		38,074
		Effect of RSUs and options under the treasury stock
		method			1,014		837		917		933
		Preferred stock under the as if converted method			1,934		-		-		-
		Diluted weighted average shares outstanding			41,433		38,913		39,374		39,007
		Diluted net income (loss) per share available
		to common shareholders		$	0.28	$	0.21	$	0.64	$	0.38

Disclosure Of Anti-Dilutive Shares

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

		Three Months Ended				Nine Months Ended
		September 30,				September 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		-		23		-		14
	Price range of options: from	$	-	$	10.17	$	-	$	10.17
	Price range of options: to	$	-	$	11.78	$	-	$	11.78
	RSUs with service conditions		-	-	425		-		11
RSUs excluded with service and market conditions as
market conditions not met			478		165		478		165
RSUs excluded with service and performance conditions as
performance conditions not met			21		30		21		30
Perpetual cumulative convertible preferred stock treated as
anti-dilutive under the as if method			-		1,604		1,934		533