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Earnings Per Share | 9 Months Ended
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Sep. 30, 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):
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Net (loss) income |  | $ | (23,651 | ) |  | $ | (63 | ) |  | $ | (53,634 | ) |  | $ | 243 |
Basic weighted-average common shares outstanding |  |  | 28,051,066 |  |  |  | 27,899,505 |  |  |  | 28,048,808 |  |  |  | 27,808,231 |
Add: dilutive effect of stock options |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | 392,157 |
Add: dilutive effect of unvested restricted stock |  |  | -- |  |  |  | -- |  |  |  | -- |  |  |  | -- |
Diluted weighted-average common shares outstanding |  |  | 28,051,066 |  |  |  | 27,899,505 |  |  |  | 28,048,808 |  |  |  | 28,200,388 |
Basic net (loss) income per share |  | $ | (0.84 | ) |  | $ | (0.00 | ) |  | $ | (1.91 | ) |  | $ | 0.01 |
Diluted net (loss) income per share |  | $ | (0.84 | ) |  | $ | (0.00 | ) |  | $ | (1.91 | ) |  | $ | 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 September 30, |  |  | Nine months ended September 30, |
|  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Weighted-average anti-dilutive stock options |  |  | 2,616,790 |  |  |  | 1,067,341 |  |  |  | 2,615,542 |  |  |  | 1,059,176 |
Weighted-average anti-dilutive restricted stock awards |  |  | 334,189 |  |  |  | -- |  |  |  | 239,829 |  |  |  | -- |
|  |  | 2,950,979 |  |  |  | 1,067,341 |  |  |  | 2,855,371 |  |  |  | 1,059,176 |

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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=7655603&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=7655603&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=32703322&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=26872669&loc=d3e20235-122688 + Details
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