Net (Loss) Income Per Share (Tables)

9 Months Ended

Sep. 30, 2014

Summary of Basic Net Loss (Income) Per Common Share

Basic net (loss) income per common share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted loss per share is computed using the weighted-average number of common shares and common stock equivalents outstanding. As a result of the Company’s net losses, all common stock equivalents aggregating 624,371 and 619,421 for the three and nine months ended September 30, 2014, respectively, were excluded from the calculation of diluted loss per share given their anti-dilutive effect. Common stock equivalents totaling 15,954 and 26,566 for the three and nine months ended September 30, 2013, respectively, were excluded from the calculation of diluted earnings per share because of a decline in the average market price of the common stock compared to the price on the grant date.


	Three Months Ended September 30,					Nine Months Ended September 30,
	2014			2013		2014			2013
Numerator:
Numerator for basic earnings per share:
Net (loss) income	$	(6,757	)	$	1,009	$	(6,699	)	$	1,902
Denominator (shares in thousands):
Denominator for basic earnings per share:
Weighted average shares		23,596			20,985		23,099			18,723
Effect of dilutive shares:
Restricted stock awards		—			241		—			217
Stock options		—			275		—			262

Dilutive potential common shares		—			516		—			479
Denominator for diluted earnings per share:

Adjusted weighted average shares		23,596			21,501		23,099			19,202

Basic (loss) income per share attributable to Carmike stockholders	$	(0.29	)	$	0.05	$	(0.29	)	$	0.10

Diluted (loss) income per share attributable to Carmike stockholders	$	(0.29	)	$	0.05	$	(0.29	)	$	0.10