NET INCOME (LOSS) PER COMMON SHARE (Block)

9 Months Ended

Sep. 30, 2017

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,
				2017		2016		2017		2016
			(amounts in thousands except per share data)
Basic Income (Loss) Per Share
	Numerator
		Net income (loss) available to the Company		$	4,100	$	11,420	$	1,184	$	26,666
		Preferred stock dividends			663		526		1,763		1,351
		Net income (loss) available to common shareholders		$	3,437	$	10,894	$	(579)	$	25,315
	Denominator
		Basic weighted average shares outstanding			38,955		38,485		38,948		38,457
		Basic net income (loss) per share available
		to common shareholders		$	0.09	$	0.28	$	(0.01)	$	0.66
Diluted Income (Loss) Per Share
	Numerator
		Net income (loss) available to the Company		$	4,100	$	11,420	$	1,184	$	26,666
		Preferred stock dividends			663		-		1,763		1,351
		Net income (loss) available to common shareholders		$	3,437	$	11,420	$	(579)	$	25,315
	Denominator
		Basic weighted average shares outstanding			38,955		38,485		38,948		38,457
		Effect of RSUs and options under the treasury stock
		method			773		1,014		-		917
		Preferred stock under the as if converted method			-		1,934		-		-
		Diluted weighted average shares outstanding			39,728		41,433		38,948		39,374
		Diluted net income (loss) per share available
		to common shareholders		$	0.09	$	0.28	$	(0.01)	$	0.64

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		2017		2016		2017		2016
		(amounts in thousands, except per share data)
Shares excluded as anti-dilutive under the treasury stock method:
	Options		14		-		-		-
	Price range of options: from	$	11.69	$	-	$	-	$	-
	Price range of options: to	$	11.78	$	-	$	-	$	-
	RSUs with service conditions		157		-		101		-
RSUs excluded with service and market conditions as
market conditions not met			267		478		267		478
RSUs excluded with service and performance conditions as
performance conditions not met			-		21		-		21
Perpetual cumulative convertible preferred stock treated as
anti-dilutive under the as if method			2,017		-		2,017		1,934
Excluded shares as anti-dilutive when reporting a net loss			-		-		974		-