NET INCOME (LOSS) PER COMMON SHARE (Block)

3 Months Ended

Mar. 31, 2017

Earnings Per Share Abstract

Earnings Per Share Text Block

5. NET INCOME (LOSS) PER COMMON SHARE

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

			Three Months Ended
			March 31,
			2017		2016
			(amounts in thousands except per share data)
Basic Income (Loss) Per Share
	Numerator
		Net income (loss) available to the Company	$	(9,331)	$	4,412
		Preferred stock dividends		550		413
		Net income (loss) available to common shareholders	$	(9,881)	$	3,999
	Denominator
		Basic weighted average shares outstanding		38,910		38,448
		Basic net income (loss) per share available
		to common shareholders	$	(0.25)	$	0.10
Diluted Income (Loss) Per Share
	Numerator
		Net income (loss) available to the Company	$	(9,331)	$	4,412
		Preferred stock dividends		550		413
		Net income (loss) available to common shareholders	$	(9,881)	$	3,999
	Denominator
		Basic weighted average shares outstanding		38,910		38,448
		Effect of RSUs and options under the treasury stock
		method		-		812
		Diluted weighted average shares outstanding		38,910		39,260
		Diluted net income (loss) per share available
		to common shareholders	$	(0.25)	$	0.10

Disclosure Of Anti-Dilutive Shares

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

		Three Months Ended
		March 31,
Impact Of Equity Issuances		2017		2016
		(amounts in thousands, except per share data)
Shares excluded as anti-dilutive under the treasury stock method:
	Options		-		23
	Price range of options: from	$	-	$	10.62
	Price range of options: to	$	-	$	11.78
	RSUs with service conditions		-		5
RSUs excluded with service and market conditions as
market conditions not met			267		185
RSUs excluded with service and performance conditions as
performance conditions not met			-		29
Perpetual cumulative convertible preferred stock treated as
anti-dilutive under the as if method			1,953		1,916
Excluded shares as anti-dilutive when reporting a net loss			1,164		-