XML 28 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
EARNINGS PER SHARE
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic earnings per share is computed by dividing the net income (loss) from continuing operations by the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated based on the combined weighted average number of common shares and potentially dilutive shares, which include the assumed exercise of employee stock options, including market-based performance stock options based on the expected achievement of performance targets, unvested restricted stock awards, unvested restricted stock units and unvested performance stock units, including market-based performance units based on the expected achievement of performance targets. In computing diluted earnings per share, we utilize the treasury stock method.
A summary of the numerator and denominators used in the computation of earnings per share follows:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
1,704

 
$
(53,675
)
 
$
(2,206
)
 
$
(53,900
)
Denominators:
 
 
 
 
 
 
 
Number of shares outstanding, end of period:
 
 
 
 
 
 
 
Class A common stock
41,765

 
41,042

 
41,765

 
41,042

Class B common stock
988

 
988

 
988

 
988

Unvested restricted stock
(38
)
 
(88
)
 
(38
)
 
(88
)
Effect of weighted average shares outstanding
(54
)
 
(131
)
 
(199
)
 
(244
)
Basic weighted average common shares outstanding
42,661

 
41,811

 
42,516

 
41,698

Impact of potentially dilutive securities:
 
 
 
 
 
 
 
Dilutive effect of stock options and other stock awards
1,255

 

 

 

Diluted weighted average common shares outstanding
43,916

 
41,811

 
42,516

 
41,698

Anti-dilutive potentially issuable shares

 
2,586

 
2,105

 
2,586