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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2014
EARNINGS PER SHARE  
Schedule of reconciliation of the numerators and denominators used to calculate basic and diluted net (loss) income per share

 

 

 

Year Ended December 31,

 

 

 

 

 

(As Restated)

 

(in thousands, except share and per share data)

 

2014

 

2013

 

2012

 

 

 

 

 

 

 

 

 

Net (loss) income from continuing operations applicable to common shareholders

 

$

(3,020

)

$

45,879

 

$

48,259

 

Loss from discontinued operations, net of income taxes

 

(15,946

)

(5,368

)

(235

)

 

 

 

 

 

 

 

 

Net (loss) income applicable to common shareholders

 

$

(18,966

)

$

40,511

 

$

48,024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares of common stock outstanding used to compute basic per common share amounts

 

35,309,478

 

34,825,867

 

34,273,621

 

Effect of dilutive restricted stock units and options (1)

 

 

382,887

 

463,799

 

 

 

 

 

 

 

 

 

Shares used to compute diluted per common share amounts

 

35,309,478

 

35,208,754

 

34,737,420

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic:

 

 

 

 

 

 

 

(Loss) income from continuing operations per share applicable to common shareholders

 

$

(0.09

)

$

1.32

 

$

1.41

 

Loss from discontinued operations per share applicable to common shareholders

 

(0.45

)

(0.16

)

(0.01

)

 

 

 

 

 

 

 

 

Net (loss) income per share applicable to common shareholders

 

$

(0.54

)

$

1.16

 

$

1.40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted:

 

 

 

 

 

 

 

(Loss) income from continuing operations per share applicable to common shareholders

 

$

(0.09

)

$

1.30

 

$

1.39

 

Loss from discontinued operations per share applicable to common shareholders

 

(0.45

)

(0.15

)

(0.01

)

 

 

 

 

 

 

 

 

Net (loss) income per share applicable to common shareholders

 

$

(0.54

)

$

1.15

 

$

1.38

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

For 2014, given the Company is recognizing a net loss from continuing operations, shares used to compute diluted per common share amounts excludes 256,880 potentially dilutive common shares related to unvested restricted stock units and unexercised options in accordance with ASC 260 - Earnings Per Share.