Net Income (loss) Per Share

12 Months Ended

Dec. 31, 2015

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, warrants and restricted stock using the treasury stock method.

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



	Year Ended December 31,
	2015		2014		2013
Net income (loss)	$	29,446	$	6,220	$	(4,112	)
Denominator for basic earnings per share - weighted average shares	105,929,205		105,793,008		96,285,504
Effect of dilutive securities: Stock options, warrants, and restricted stock (a)	7,699,277		7,502,496		—
Denominator for diluted earnings per share - weighted average shares adjusted for dilutive securities	113,628,482		113,295,504		96,285,504
Income (loss) per common share - basic	0.28		0.06		(0.04		)
Income (loss) per common share - diluted	$	0.26	$	0.05	$	(0.04	)

(a)Securities that are included in the computation of the denominator above, utilizing the treasury stock method for the years ended December 31, 2015 and 2014 are as follows:



Effect of dilutive securities:	2015	2014
Stock Options	7,121,774	7,035,728
Warrants	33,676	226,926
Restricted Stock Awards	543,827	239,842
	7,699,277	7,502,496

Securities for the year ended December 31, 2013 were excluded from the computation of diluted earnings per share because they would have been anti-dilutive.