Net Loss Per Common Share |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015 | |||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||
| Net Loss Per Common Share | Net Income (Loss) Per Common Share Basic and diluted net income (loss) per common share is computed by dividing consolidated net income (loss) by the weighted average number of common shares outstanding for the period. Basic and diluted net income (loss) per common share was $0.00 and $(0.09) for the three months ended September 30, 2015 and 2014, respectively, and $(0.07) and $(0.47) for the nine months ended September 30, 2015 and 2014, respectively. The following potentially dilutive equity securities were not included in the diluted net income (loss) per common share calculations as they would have an antidilutive effect for the periods presented:
The performance awards of restricted stock units, which are market condition performance equity awards that are earned and begin vesting in separate tranches upon the Company's achievement of certain predetermined stock price targets, were a component of the equity awards granted on September 8, 2015 to Scott A. Durchslag, our new President and Chief Executive Officer. Mr. Durchslag was also awarded 471,522 nonqualified stock options and 479,846 restricted stock units, and these amounts are reflected in the applicable totals for the period ended September 30, 2015 shown in the table above. |
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