Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net Income (Loss) Per Share

Basic net income (loss) per common share is computed using the weighted-average number of common shares outstanding during the period.  Diluted net income per common share is computed using the weighted-average number of common and dilutive common equivalent shares from stock options, restricted stock, and warrants using the treasury stock method. 

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands except share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Net income	$	3,321	$	6,551	$	6,493	$	16,068
Denominator for basic earnings per share - weighted average shares	105,991,990		106,511,294		105,927,890		106,178,136
Effect of dilutive securities: Stock options, restricted stock, and warrants outstanding(a)	6,369,189		8,044,742		6,265,811		7,931,984
Denominator for diluted earnings per share - weighted average shares adjusted for dilutive securities	112,361,179		114,556,036		112,193,701		114,110,120
Income per common share - basic	$	0.03	$	0.06	$	0.06	$	0.15
Income per common share - diluted	$	0.03	$	0.06	$	0.06	$	0.14

(a) Securities outstanding that are included in the computation above, utilizing the treasury stock method are as follows:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Outstanding Stock Options	5,704,112	7,320,155	5,767,469	7,366,426
Outstanding Warrants	—	38,023	—	37,820
Restricted Stock Awards	665,077	686,564	498,342	527,738
	6,369,189	8,044,742	6,265,811	7,931,984