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Net Earnings (Loss) Per Common Share
 9 Months Ended
Sep. 30, 2016
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 September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Basic
 
 
 
 
 
 
 
Average common shares outstanding
32,465

 
32,175

 
32,484

 
32,144

 
 
 
 
 
 
 
 
Net loss from continuing operations
$
(5,020
)
 
$
(7,790
)
 
$
(25,216
)
 
$
(23,521
)
Net earnings from discontinued operations
$
—

 
$
—

 
$
—

 
$
260

Net loss
$
(5,020
)
 
$
(7,790
)
 
$
(25,216
)
 
$
(23,261
)
 
 
 
 
 
 
 
 
Net loss per common share from continuing operations
$
(0.15
)
 
$
(0.24
)
 
$
(0.78
)
 
$
(0.73
)
Net earnings per common share from discontinued operations
$
—

 
$
—

 
$
—

 
$
0.01

Net loss per common share
$
(0.15
)
 
$
(0.24
)
 
$
(0.78
)
 
$
(0.72
)
 
 
 
 
 
 
 
 
Diluted
 
 
 
 
 
 
 
Average common shares outstanding
32,465

 
32,175

 
32,484

 
32,144

Stock options and awards
145

 
540

 
105

 
511

Average common shares assuming dilution
32,610

 
32,715

 
32,589

 
32,655

 
 
 
 
 
 
 
 
Net loss from continuing operations
$
(5,020
)
 
$
(7,790
)
 
$
(25,216
)
 
$
(23,521
)
Net earnings from discontinued operations
$
—

 
$
—

 
$
—

 
$
260

Net loss
$
(5,020
)
 
$
(7,790
)
 
$
(25,216
)
 
$
(23,261
)
 
 
 
 
 
 
 
 
Net loss per common share from continuing operations *
$
(0.15
)
 
$
(0.24
)
 
$
(0.78
)
 
$
(0.73
)
Net earnings per common share from discontinued operations
$
—

 
$
—

 
$
—

 
$
0.01

Net loss per common share *
$
(0.15
)
 
$
(0.24
)
 
$
(0.78
)
 
$
(0.72
)

________
* 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 September 30, 2016, 2,462,288 and 2,502,427 shares associated with stock options were excluded from the average common shares assuming dilution for the three and nine months ended September 30, 2016 as they were anti-dilutive. At September 30, 2016, the majority of the anti-dilutive shares were granted at an exercise price of $25.24, which was higher than the average fair market value prices of $12.03 and $12.64 for the three and nine months ended September 30, 2016, respectively.

At September 30, 2015, 1,694,498 and 1,449,612 shares associated with stock options were excluded from the average common shares assuming dilution for the three and nine months ended September 30, 2015 as they were anti-dilutive. At September 30, 2015, the majority of the anti-dilutive shares were granted at an exercise price of $25.24, which was higher than the average fair market value prices of $17.50 and $18.67 for the three and nine months ended September 30, 2015, respectively.
For both the three months ended September 30, 2016 and September 30, 2015, respectively, there were no shares necessary to settle a conversion spread on the convertible notes due February 2027 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. In addition, no shares were included in the common shares assuming dilution related to the company's issued warrants as the average market price of the company stock for these periods did not exceed the strike price of the warrants.