NET INCOME (LOSS) PER COMMON SHARE (Block)

6 Months Ended

Jun. 30, 2018

Earnings Per Share Abstract

Earnings Per Share Text Block

7. NET INCOME (LOSS) PER COMMON SHARE

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

				Three Months Ended				Six Months Ended
				June 30,				June 30,
				2018		2017		2018		2017
			(amounts in thousands except per share data)
Basic Income (Loss) Per Share
	Numerator
		Net income available to the Company - continuing operations		$	1,597	$	6,414	$	(12,609)	$	(2,917)
		Preferred stock dividends			-		550		-		1,100
		Net income available to common shareholders from
		continuing operations			1,597		5,864		(12,609)		(4,017)
		Income (loss) from discontinued operations, net of tax			844		-		1,172		-
		Net income (loss) available to common shareholders		$	2,441	$	5,864	$	(11,437)	$	(4,017)
	Denominator
		Basic weighted average shares outstanding			138,639		38,945		138,962		38,935
		Net Income (Loss) Per Common Share - Basic:
		Net income (loss) from continuing operations per share available to common shareholders - Basic		$	0.01	$	0.15	$	(0.09)	$	(0.10)
		Net income (loss) from discontinued operations per share available to common shareholders - Basic		$	0.01	$	-	$	0.01	$	-
		Net income (loss) per share available
		to common shareholders - Basic		$	0.02	$	0.15	$	(0.08)	$	(0.10)
Diluted Income (Loss) Per Share
	Numerator
		Net income available to the Company - continuing operations		$	1,597	$	6,414	$	(12,609)	$	(2,917)
		Preferred stock dividends			-		550		-		1,100
		Net income available to common shareholders from
		continuing operations			1,597		5,864		(12,609)		(4,017)
		Income (loss) from discontinued operations, net of tax			844		-		1,172		-
		Net income (loss) available to common shareholders		$	2,441	$	5,864	$	(11,437)	$	(4,017)
	Denominator
		Basic weighted average shares outstanding			138,639		38,945		138,962		38,935
		Effect of RSUs and options under the treasury stock
		method			625		711		-		-
		Preferred stock under the as if converted method			-		-		-		-
		Diluted weighted average shares outstanding			139,264		39,656		138,962		38,935
		Net Income (Loss) Per Common Share - Diluted:
		Net income (loss) from continuing operations per share available to common shareholders - Diluted		$	0.01	$	0.15	$	(0.09)	$	(0.10)
		Net income (loss) from discontinued operations per share available to common shareholders - Diluted		$	0.01	$	-	$	0.01	$	-
		Net income (loss) per share available
		to common shareholders - Diluted		$	0.02	$	0.15	$	(0.08)	$	(0.10)

Disclosure of Anti-Dilutive Shares

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

		Three Months Ended				Six Months Ended
		June 30,				June 30,
Impact Of Equity Issuances		2018		2017		2018		2017
		(amounts in thousands, except per share data)
Shares excluded as anti-dilutive under the treasury stock method:
	Options		563		14		566		-
	Price range of options: from	$	9.66	$	11.31	$	9.66	$	-
	Price range of options: to	$	13.98	$	11.78	$	13.98	$	-
	RSUs with service conditions		1,689		328		1,447		78
RSUs excluded with service and market conditions as
market conditions not met			226		267		226		267
Perpetual cumulative convertible preferred stock treated as
anti-dilutive under the as if method			-		1,962		-		1,962
Excluded shares as anti-dilutive when reporting a net loss			-		-		1,059		1,026