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Weighted Average Common Shares (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Summary of Weighted Average Numbers of Common Shares Used to Compute Basic and Diluted Net Income (Loss) Per Share

The weighted average number of common shares used to compute basic and diluted net income (loss) per share for the quarters and years to date ended June 30, 2016 and 2015 were as follows:

 

 

For the Quarter Ended June 30,

 

 

For the Year to Date Ended June 30,

 

 

2016

 

 

2015 (1)

 

 

2016

 

 

2015 (1)

 

Basic common shares outstanding

 

68,368

 

 

 

67,893

 

 

 

68,261

 

 

 

67,714

 

Common stock equivalents

 

647

 

 

 

-

 

 

 

366

 

 

 

-

 

Diluted common shares outstanding

 

69,015

 

 

 

67,893

 

 

 

68,627

 

 

 

67,714

 

(1)    Due to the fact that we reported a loss from continuing operations for the quarter and year to date ended June 30, 2015, potential common stock equivalents are excluded from the diluted common shares outstanding calculation. Per FASB ASC Topic 260 – Earnings Per Share, an entity that reports discontinued operations shall use income or loss from continuing operations as the benchmark for calculating diluted common shares outstanding, and as such, we have zero common stock equivalents since these shares would have an anti-dilutive effect on our net loss per share for the quarter and year to date ended June 30, 2015.