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Net Income (Loss) Per Share
 3 Months Ended
Mar. 31, 2015
Net Income (Loss) Per Share [Abstract]  
Net Income (Loss) Per Share
6. Net Income (Loss) Per Share

Basic income (loss) per common share is determined by dividing income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period, without consideration of common stock equivalents. Diluted income (loss) per share is computed by dividing the income (loss) attributable to common stockholders by the weighted-average number of common stock equivalents outstanding for the period. The treasury stock method is used to determine the dilutive effect of the Company's stock option grants. 2,719,339 stock options (common stock equivalents) were excluded from the calculation of diluted loss per share allocable to common stockholders for the three months ended March 31, 2014 because their inclusion would have been anti-dilutive.

Basic and diluted income (loss) per common share is computed as follows (in thousands except share and per share data):

  
Three Months Ended March 31,
 
  
2015
  
2014
 
Numerator:
    
Net income (loss) used for calculation of basic and diluted EPS
 
$
45,129
  
$
(3,108
)
         
Denominator:
        
Weighted average shares outstanding, basic
  
29,415,768
   
26,262,356
 
Effect of dilutive securities:
        
Stock options and restricted stock units
  
2,268,406
   
-
 
Weighted average shares outstanding, diluted
  
31,684,174
   
26,262,356
 
         
Net income (loss) per share, basic
 
$
1.53
  
$ 
(0.12
)
Net income (loss) per share, diluted
 
$
1.42
  
$ 
(0.12
)