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Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share
Basic earnings (loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per common share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding combined with dilutive common share equivalents outstanding, if the effect is dilutive.
Basic and diluted earnings (loss) per common share are as follows (in thousands, except per share data):
 
Year ended December 31,
 
2016
 
2015
 
2014
Income from continuing operations
$
1,907

 
$
7,158

 
$
39,622

(Loss) income from discontinued operations, net of tax
(51,037
)
 
(20,620
)
 
13,981

Net (loss) income - Basic and Diluted
$
(49,130
)
 
$
(13,462
)
 
$
53,603

 
 
 
 
 
 
Weighted average common shares outstanding - Basic
56,087

 
54,459

 
54,511

Assumed conversions:
 
 
 
 
 
Incremental common shares from warrants
—

 
—

 
121

Incremental common shares from stock options
197

 
527

 
880

Incremental common shares from restricted stock units
66

 
6

 
14

Weighted average common shares outstanding - Diluted
56,350

 
54,992

 
55,526

 
 
 
 
 
 
Basic earnings (loss) per common share:
 
 
 
 
 
Continuing operations
$
0.03

 
$
0.13

 
$
0.73

Discontinued operations, net of tax
(0.91
)
 
(0.38
)
 
0.26

Basic earnings (loss) per common share
$
(0.88
)
 
$
(0.25
)
 
$
0.99

Diluted earnings (loss) per common share:
 
 
 
 
 
Continuing operations
$
0.03

 
$
0.13

 
$
0.71

Discontinued operations, net of tax
(0.91
)
 
(0.37
)
 
0.25

Diluted earnings (loss) per common share
$
(0.88
)
 
$
(0.24
)
 
$
0.96