Earnings Per Share

9 Months Ended

Sep. 30, 2015

Earnings (Loss) Per Share [Abstract]

Earnings Per Share [Text Block]

Earnings (Loss) Per Share

Basic earnings (loss) per share is calculated using the weighted average number of shares of common stock outstanding during the period.  Diluted earnings per share is computed in the same manner and also gives effect to all dilutive common equivalent shares outstanding during the period.  Potential common shares that would have the effect of increasing diluted earnings per share are considered to be anti-dilutive. In accordance with U.S. GAAP, these shares were not included in calculating diluted earnings per share. For the nine months endedSeptember 30, 2015, the weighted average number of stock options and restricted stock units excluded from the computation of diluted earnings per share were 238 and 0, respectively. For the nine months endedSeptember 30, 2014, all outstanding stock options and restricted stock units totaling 654 and 1,247, respectively, were excluded from the computation of diluted loss per share because the effect in the periods would be anti-dilutive. Diluted earnings per share-weighted average shares outstanding do not include any effect resulting from assumed conversion of the Notes and warrants as their impact would be anti-dilutive.

The Company’s basic and diluted earnings (loss) per share amounts are as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2015		2014			2015		2014
Numerator:
Net income (loss)	$	7,198	$	(998	)	$	15,073	$	(6,134	)
Denominator:
Basic earnings (loss) per share - weighted average shares outstanding	31,526		33,237			31,597		33,205
Effect of potential dilutive securities:
Employee stock options and restricted stock units - dilutive shares	678		—			658		—
Diluted earnings (loss) per share - weighted average shares outstanding	32,204		33,237			32,255		33,205
Earnings (loss) per share:
Basic	$	0.23	$	(0.03	)	$	0.48	$	(0.18	)
Diluted	$	0.22	$	(0.03	)	$	0.47	$	(0.18	)