Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE AND STOCK REPURCHASE (Tables)

v3.3.1.900
EARNINGS PER SHARE AND STOCK REPURCHASE (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data): 
 
2015
 
2014
 
2013
Numerator:
 
 
 
 
 
Net (loss) income
$
(25,364
)
 
$
15,320

 
$
7,232

Less: distributed loss / distributed and undistributed income (unvested restricted stock)
84

 
104

 
75

Net (loss) income attributable to common shareholders
$
(25,448
)
 
$
15,216

 
$
7,157

 
 
 
 
 
 
Denominator (basic):
 
 
 
 
 
Denominator for basic earnings per share-weighted-average shares
14,546

 
14,505

 
14,463

Basic (loss) earnings per share—common shareholders
$
(1.75
)
 
$
1.05

 
$
0.50

 
 
 
 
 
 
Denominator (diluted):
 
 
 
 
 
Denominator for basic earnings per share-weighted-average shares
14,546

 
14,505

 
14,463

Effect of dilutive securities: employee stock options
—

 
—

 
6

Denominator for dilutive earnings per share-weighted-average shares
14,546

 
14,505

 
14,469

Diluted (loss) earnings per share—common shareholders
$
(1.75
)
 
$
1.05

 
$
0.50