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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2016
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE We compute basic earnings per share (“basic EPS”) by dividing the net income or loss by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share (“diluted EPS”) gives effect to all dilutive potential shares outstanding. The following table provides the computation of basic and diluted earnings per share.
| Year Ended December 31,
(in thousands, except per share data) | 2016 |  | 2015 |  | 2014
Numerator: |  |  |  |  |
Net (loss) income available to common shareholders | $ | (3,950 | ) |  | $ | 8,364 |  |  | $ | (18,214 | )
Effect of dilutive securities: |  |  |  |  |
Derivative liability - warrants | (64 | ) |  | (1,799 | ) |  | — |
Accretion on convertible preferred stock | — |  |  | 222 |  |  | — |
Numerator for dilutive (loss) income per common share | (4,014 | ) |  | 6,787 |  |  | (18,214 | )
Denominator: |  |  |  |  |
Weighted average shares used to compute basic (loss) income per common share | 27,433 |  |  | 24,333 |  |  | 17,756 |
Effect of dilutive securities: |  |  |  |  |
Derivative liability - warrants | 16 |  |  | 28 |  |  | — |
Convertible preferred stock | — |  |  | 3,137 |  |  | — |
Stock options | — |  |  | 249 |  |  | — |
Denominator for dilutive (loss) income per common share | 27,449 |  |  | 27,747 |  |  | 17,756 |
Basic (loss) income per common share | $ | (0.14 | ) |  | $ | 0.34 |  |  | $ | (1.03 | )
Diluted (loss) income per common share | $ | (0.15 | ) |  | $ | 0.24 |  |  | $ | (1.03 | )
For the year ended December 31, 2016, warrants to purchase approximately 16,000 shares of common stock and approximately $64,000 of the gain on the fair market valuation of the derivative liabilities were included in the computation of diluted earnings per share because their effects were dilutive. For the year ended December 31, 2015, warrants to purchase approximately 28,000 shares of common stock and approximately $1.8 million of the gain on the fair market valuation of the derivative liabilities, options to purchase approximately 249,000 shares of common stock and the conversion of Series B Preferred Stock into approximately 3,137,000 shares of common stock were included in the computation of diluted earnings per share because their effects were dilutive. For the year ended December 31, 2014, options and warrants to purchase approximately 6,500,000 shares of common stock were excluded in the computation of diluted earnings per share because their effects were anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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