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Earnings Per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 2 – Earnings per Share

Earnings per share (“EPS”) are calculated by dividing net income attributable to common stockholders by the weighted-average number of shares of Common Stock outstanding during the period. Diluted EPS are calculated similarly but includes potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive. A total of 2.6 million and 0.5 million options and stock awards outstanding during the three months ended March 31, 2016 and 2015, respectively, were excluded from the calculation because the effect was anti-dilutive.  

The table below sets forth the reconciliation between net income and the weighted average shares outstanding used for calculating basic and diluted EPS for the three months ended March 31, 2016 and 2015:

 

 

Three Months Ended

 

 

March 31,

 

 

2016

 

 

2015

 

Earnings (numerator)

 

 

 

 

 

 

 

Net (loss) income attributable to common stockholders

$

(1,733

)

 

$

11,132

 

 

 

 

 

 

 

 

 

Shares (denominator)

 

 

 

 

 

 

 

Weighted average common shares outstanding (basic)

 

48,288

 

 

 

47,667

 

Dilutive effect of stock options and stock awards outstanding

 

-

 

 

 

1,311

 

Adjusted weighted average common shares outstanding (diluted)

 

48,288

 

 

 

48,978

 

 

 

 

 

 

 

 

 

(Loss) earnings per share attributable to common stockholders

 

 

 

 

 

 

 

Basic

$

(0.04

)

 

$

0.23

 

Diluted

$

(0.04

)

 

$

0.23