XML 67 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share
The following table sets forth the computation of earnings (loss) per common share and earnings (loss) per common share - assuming dilution:
 
Three Months Ended
March 31,
 
2015
 
2014
 
(Dollars in thousands, except per share data)
Numerator:
 
 
 
Net income (loss) - numerator for earnings (loss) per common share
$
5,903

 
$
(9,753
)
 
 
 
 
Denominator:
 
 
 
Weighted average common shares outstanding (1)
77,041,704

 
72,518,574

Effect of dilutive securities:
 
 
 
Convertible senior notes
—

 
3,400,986

2015 warrants
806,485

 
2,372,404

Stock options and deferred compensation agreements
1,159,334

 
1,287,267

Restricted stock and restricted stock units
110,511

 
36,548

Denominator for earnings (loss) per common share - assuming dilution
79,118,034

 
79,615,779

 
 
 
 
Earnings (loss) per common share
$
0.08

 
$
(0.13
)
Earnings (loss) per common share - assuming dilution
$
0.07

 
$
(0.13
)


(1)
Weighted average common shares outstanding include shares vested under the NMO Deferred Compensation Plan and exclude unallocated shares held by the ESOP.
Options to purchase shares of our common stock that were outstanding during the respective periods indicated but were not included in the computation of diluted earnings per share because the options' exercise price was greater than the average market price of the common shares are as follows:
Period
 
Number of
Shares
 
Range of
Exercise Prices
 
 
 
 
Minimum
 
Maximum
Three months ended March 31, 2015
 
—
 
$—
 
$—
Three months ended March 31, 2014
 
1,277,650
 
$24.79
 
$24.79