Income (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income (Loss) Per Common Share

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(Dollars In Thousands, Except Per Share Amounts)
Numerator:
Net income (loss):	$	(33,763	)	$	(3,777	)	$	(26,697	)	$	18,977
Dividends on Series B Preferred		—			—			(240	)		(240	)
Dividends on Series D Preferred		—			—			(60	)		(60	)
Total dividends on preferred stocks		—			—			(300	)		(300	)
Numerator for basic net income (loss) per common share - net income (loss) applicable to common stock		(33,763	)		(3,777	)		(26,997	)		18,677
Dividends on preferred stocks assumed to be converted, if dilutive		—			—			300			300
Numerator for diluted net income (loss) per common share	$	(33,763	)	$	(3,777	)	$	(26,697	)	$	18,977
Denominator:
Denominator for basic net income (loss) per common share - weighted-average shares		22,799,007			22,595,634			22,741,012			22,557,935
Effect of dilutive securities:
Convertible preferred stocks		—			—			—			916,666
Stock options		—			—			—			187,026
Dilutive potential common shares		—			—			—			1,103,692
Denominator for dilutive net income (loss) per common share - adjusted weighted-average shares and assumed conversions		22,799,007			22,595,634			22,741,012			23,661,627
Basic net income (loss) per common share	$	(1.48	)	$	(0.17	)	$	(1.19	)	$	0.83
Diluted net income (loss) per common share	$	(1.48	)	$	(0.17	)	$	(1.19	)	$	0.80

Antidilutive Securities Excluded from Computation of Earnings Per Share

The following weighted-average shares of securities were not included in the computation of diluted net income (loss) per common share as their effect would have been antidilutive:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Convertible preferred stocks		916,666		916,666		916,666		—
Stock options		905,257		673,415		897,690		335,757
		1,821,923		1,590,081		1,814,356		335,757