Income (Loss) Per Share

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements [Abstract]

NOTE P — INCOME (LOSS) PER SHARE

The following is a reconciliation of the common shares outstanding with the number of shares used in the computation of income (loss) per common and common equivalent share for each of the following periods:



	Year Ended December 31,
	2016	2015	2014
	(In Thousands)
Number of weighted average common shares outstanding	87,286	79,169	78,600
Assumed exercise of stock options	—	—	—
Average diluted shares outstanding	87,286	79,169	78,600

For the year ended December 31, 2016, the average diluted shares outstanding excludes the impact of all outstanding stock options and stock warrants, as the inclusion of these shares would have been antidilutive due to net loss recorded during the year. In addition, for the year ended December 31, 2016, the calculation of diluted earnings per common share excludes the impact of the CCLP Preferred Units, as the inclusion of the impact from conversion of the CCLP Preferred Units into CCLP common units would have been antidilutive. For the year ended December 31, 2015, the average diluted shares outstanding excludes the impact of all outstanding stock options, as the inclusion of these shares would have been antidilutive due to the net loss recorded during the year. For the year ended December 31, 2014, the average diluted shares outstanding excludes the impact of all outstanding stock options, as the inclusion of these shares would have been antidilutive due to the net loss recorded during the year.