Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2016

Basic net income (loss) per common share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted income 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 months ended June 30, 2016 common stock equivalents aggregating 381,149 were excluded from the calculation of dilutive loss per share given their anti-dilutive effect. Common stock equivalents totaling 4,224 for the six months ended June 30, 2016 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. As a result of the Company's net losses for the three and six months ended June 30, 2015, common stock equivalents aggregating 399,276 and 432,826, respectively, were excluded from the calculation of dilutive loss per share given their anti-dilutive effect.



	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Numerator:
Numerator for basic earnings per share:
Net (loss) income	$	(1,598	)	$	(1,445	)	$	627		$	(1,054	)
Denominator (shares in thousands):
Basic earnings per share:
Weighted average shares	24,580			24,531			24,583			24,498
Less: restricted stock issued	—			(67		)	(16		)	(105		)
Denominator for basic earnings per share:	24,580			24,464			24,567			24,393
Effect of dilutive shares:
Stock options	—			—			283			—
Restricted stock awards	—			—			125			—
Dilutive potential common shares	—			—			408			—
Denominator for diluted earnings per share:
Adjusted weighted average shares	24,580			24,464			24,975			24,393
Basic and Diluted (loss) income per share attributable to Carmike stockholders	$	(0.07	)	$	(0.06	)	$	0.03		$	(0.04	)