Stockholders' Equity

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Stockholders' Equity

Note 3.        Stockholders’ Equity

 

Net (Loss) Income per Common Share

The following table sets forth the computation of basic and diluted net income (loss) per common share:

	Three Months Ended March 31,
	2015		2014
Net (Loss) Income	$	(7,780)	$	13,694
Weighted Average Common Shares Outstanding—Basic		27,071,684		27,521,443
Effect of Dilutive Securities:
Common Stock Equivalents		—		310,667
Weighted Average Common Shares Outstanding—Diluted		27,071,684		27,832,110
Net (Loss) Income per Common Share—Basic	$	(0.29)	$	0.50
Net (Loss) Income per Common Share—Diluted	$	(0.29)	$	0.49

The following have been excluded from the computation of Weighted Average Common Shares Outstanding—Diluted because the effect would be anti-dilutive:

	Three Months Ended March 31,
	2015		2014
Stock Options		692,430		35,366
Restricted Shares		102,966		6,534

Stock Repurchase Program

The Company’s board of directors has authorized the repurchase of up to $150,000 of the Company’s common stock. At March 31, 2015, the Company had $14,728 remaining under this authorization. During the three months ended March 31, 2015, the Company did not repurchase any shares of its common stock under this program. During the three months ended March 31, 2014, the Company repurchased 168,000 shares of its common stock at an average price of $99.39 per share for an aggregate cost of $16,698.