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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2015
EARNINGS PER SHARE  
Schedule of computation of basic and diluted earnings (loss) per share

 

 

 

Three Months Ended

 

 

 

March 31

 

 

 

2015

 

2014

 

 

 

(in thousands, except share and per share data)

 

Basic

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

Net income (loss)

 

$

745

 

$

(5,193

)

Effect of unvested restricted stock unit awards

 

(19

)

(39

)

Adjusted net income (loss)

 

$

726

 

$

(5,232

)

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted-average shares

 

26,051,038

 

25,876,928

 

Earnings (loss) per common share

 

$

0.03

 

$

(0.20

)

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

Net income (loss)

 

$

745

 

$

(5,193

)

Effect of unvested restricted stock unit awards

 

(19

)

(39

)

Adjusted net income (loss)

 

$

726

 

$

(5,232

)

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted-average shares

 

26,051,038

 

25,876,928

 

Effect of dilutive securities

 

537,480

 

 

Adjusted weighted-average shares and assumed conversions

 

26,588,518

 

25,876,928

 

Earnings (loss) per common share

 

$

0.03

 

$

(0.20

)