Net Income (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2014

Net Income (Loss) Per Common Share

Schedule of net income (loss) per common share

The calculation of the weighted average number of common shares outstanding for Basic EPS and Diluted EPS for the periods indicated (in thousands, except per share data) is as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
	2014			2013		2014			2013
	(Unaudited)					(Unaudited)
Numerator
Net Income (loss)	$	(14,737	)	$	20,720	$	(37,624	)	$	23,955
Denominator
Weighted average number of common shares outstanding	51,183			51,881		51,310			51,822
Effect of outstanding share-based awards	—			666		—			700
Weighted average number of shares for diluted net income per common share	51,183			52,547		51,310			52,522
Basic earnings (loss) per share	$	(0.29	)	$	0.40	$	(0.73	)	$	0.46
Diluted earnings (loss) per share	$	(0.29	)	$	0.39	$	(0.73	)	$	0.46