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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
10)      Earnings Per Share

Basic net income per common share is calculated by dividing net income available to common stockholders by the basic weighted-average common shares outstanding for the relevant period.  The Company's earnings per share calculations reflect the impact of any repurchases of shares of common stock made by the Company.  Diluted net income per common share is calculated by dividing adjusted net income by the diluted weighted-average common shares outstanding, which includes the effect of potentially dilutive securities.  Potentially dilutive securities for this calculation consist of in-the-money outstanding stock options (which were assumed to have been exercised at the average market price of the common shares during the reporting period) and unvested restricted stock. The treasury stock method is used to measure the dilutive impact of unvested restricted stock and in-the-money stock options.

The following table sets forth the calculations of basic and diluted earnings per share (in thousands except share amounts and per share data):
     
  
(In thousands except share amounts, and per share data)
 
  
Three months ended March 31,
 
  
2015
  
2014
 
Net income (loss)
 
$
(23,703
)
 
$
250
 
         
Basic weighted-average common shares outstanding
  
28,047,661
   
27,738,083
 
Add:  dilutive effect of stock options
  
--
   
404,170
 
Add:  dilutive effect of unvested restricted stock
  
--
   
--
 
Diluted weighted-average common shares outstanding
  
28,047,661
   
28,142,253
 
         
Basic net (loss) income per share
 
$
(0.85
)
 
$
0.01
 
Diluted net (loss) income per share
 
$
(0.85
)
 
$
0.01
 
         

The following options and unvested restricted stock, which could be potentially dilutive in future periods, were not included in the computation of diluted net loss per share because the effect would have been anti-dilutive for the periods indicated:
     
  
Three months ended March 31,
  
2015
 
2014
Weighted-average anti-dilutive stock options
 
 2,616,790
 
 1,055,000
Weighted-average anti-dilutive restricted stock awards
 336,925
 
 --
  
 2,953,715
 
 1,055,000