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Net Earnings (Loss) Per Common Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Common Share
Net Earnings (Loss) Per Common Share

The following table sets forth the computation of basic and diluted net earnings (loss) per common share for the periods indicated. 
(In thousands except per share data)
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Basic
 
 
 
 
 
 
 
Average common shares outstanding
32,131

 
32,017

 
32,128

 
32,015

 
 
 
 
 
 
 
 
Net loss from continuing operations
$
(8,217
)
 
$
(14,455
)
 
$
(15,731
)
 
$
(33,350
)
Net earnings from discontinued operations
$
—

 
$
843

 
$
260

 
$
1,762

Net loss
$
(8,217
)
 
$
(13,612
)
 
(15,471
)
 
(31,588
)
 
 
 
 
 
 
 
 
Net loss per common share from continuing operations
$
(0.26
)
 
$
(0.45
)
 
$
(0.49
)
 
$
(1.04
)
Net earnings per common share from discontinued operations
$
—

 
$
0.03

 
$
0.01

 
$
0.06

Net loss per common share
$
(0.26
)
 
$
(0.43
)
 
$
(0.48
)
 
$
(0.99
)
 
 
 
 
 
 
 
 
Diluted
 
 
 
 
 
 
 
Average common shares outstanding
32,131

 
32,017

 
32,128

 
32,015

Stock options and awards
757

 
199

 
518

 
229

Average common shares assuming dilution
32,888

 
32,216

 
32,646

 
32,244

 
 
 
 
 
 
 
 
Net loss from continuing operations
$
(8,217
)
 
$
(14,455
)
 
$
(15,731
)
 
$
(33,350
)
Net earnings from discontinued operations
$
—

 
$
843

 
$
260

 
$
1,762

Net loss
$
(8,217
)
 
$
(13,612
)
 
$
(15,471
)
 
$
(31,588
)
 
 
 
 
 
 
 
 
Net loss per common share from continuing operations *
$
(0.26
)
 
$
(0.45
)
 
$
(0.49
)
 
$
(1.04
)
Net earnings per common share from discontinued operations
$
—

 
$
0.03

 
$
0.01

 
$
0.05

Net loss per common share *
$
(0.26
)
 
$
(0.43
)
 
$
(0.48
)
 
$
(0.99
)


* Net loss per common share assuming dilution calculated utilizing weighted average shares outstanding-basic for the periods in which there was a net loss.

At June 30, 2015, 1,018,678 and 1,674,049 shares associated with stock options were excluded from the average common shares assuming dilution for the three and six months ended June 30, 2015, respectively, as they were anti-dilutive. At June 30, 2015, the majority of the anti-dilutive shares were granted at an exercise price of $41.87, which was higher than the average fair market value prices of $21.18 and $19.28 for the three and six months ended June 30, 2015, respectively. At June 30, 2014, 3,578,173 and 3,172,393 shares associated with stock options were excluded from the average common shares assuming dilution for the three and six months ended June 30, 2014, respectively, as they were anti-dilutive. At June 30, 2014, the majority of the anti-dilutive shares were granted at an exercise price of $41.87, which was higher than the average fair market value prices of $16.98 and $18.74 for the three and six months ended June 30, 2014, respectively. For both the three and six months ended June 30, 2015 and June 30, 2014, respectively, there were no shares necessary to settle a conversion spread on the convertible notes to be included in the common shares assuming dilution as the average market price of the Company stock for these periods did not exceed the conversion price.