Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.3.0.814
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted (loss) earnings per share (in thousands, except per share data):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
2015
 
September 30,
2014
 
September 30,
2015

September 30,
2014
Basic and diluted:
 
 
 
 
 


Numerator:
 
 
 
 
 


Net (loss) Income
$
(12,137
)
 
$
7,586

 
$
(10,697
)
 
$
15,431

Less: Distributed and undistributed income (unvested restricted stock)
24

 
79

 
71

 
157

Net (loss) income attributable to common shareholders
$
(12,161
)
 
$
7,507

 
$
(10,768
)
 
$
15,274

Denominator:
 
 
 
 
 
 
 
Denominator for basic earnings per share-weighted-average shares
14,543

 
14,506

 
14,541

 
14,501

Effect of dilutive securities:
 
 
 
 
 
 
 
Employee stock options
—

 
—

 
—

 
—

Denominator for dilutive (loss) earnings per share-weighted-average shares
14,543

 
14,506

 
14,541

 
14,501

Basic and diluted (loss) earnings per share - common shareholders
$
(0.84
)
 
$
0.52

 
$
(0.74
)
 
$
1.05