Net (Loss) Income Per Share

6 Months Ended

Jun. 30, 2015

NOTE 9—NET (LOSS) INCOME PER 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 for the three and six months ended June 30, 2015, all common stock equivalents aggregating 399 and 433, respectively, were excluded from the calculation of dilutive loss per share given their anti-dilutive effect. Common stock equivalents totaling 7 and 201 for the three and six months ended June 30, 2014 were excluded from the calculation of diluted earnings per share because of a decline in the average market price of common stock compared to the price on the grant date.


	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Numerator:
Numerator for basic earnings per share:
Net (loss) income	$	(1,445	)	$	3,222		$	(1,054	)	$	58
Denominator (shares in thousands):
Basic earnings per share:
Weighted average shares		24,531			23,021			24,498			23,046
Less: restricted stock issued		(67	)		(149	)		(105	)		(199	)

Denominator for basic earnings per share:		24,464			22,872			24,393			22,847
Effect of dilutive shares:
Stock options		—			332			—			326
Restricted stock awards		—			279			—			290

Dilutive potential common shares		—			611			—			616

Denominator for diluted earnings per share:
Adjusted weighted average shares		24,464			23,483			24,393			23,463

Basic and Diluted (loss) income per share attributable to Carmike stockholders	$	(0.06	)	$	0.14		$	(0.04	)	$	—