Net Income (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2015

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,
	2015		2014			2015		2014
	(Unaudited)					(Unaudited)
Numerator
Net Income (loss)	$	31,475	$	(14,737	)	$	41,095	$	(37,624	)
Denominator
Weighted average number of common shares outstanding	51,357		51,183			51,407		51,310
Effect of outstanding share-based awards	614		—			775		—
Weighted average number of shares for diluted net income per common share	51,971		51,183			52,182		51,310
Basic earnings (loss) per share	$	0.61	$	(0.29	)	$	0.80	$	(0.73	)
Diluted earnings (loss) per share	$	0.61	$	(0.29	)	$	0.79	$	(0.73	)