The following table provides a reconciliation of the numerators and denominators of our basic and diluted earnings per share (dollars in thousands, except per-share amounts).

	Three Months Ended March 31,
	2016				2015
Income (numerator):
Net loss – basic	$	(13,660	)		$	(7,708	)

Weighted average shares (denominator):
Weighted average shares – basic		41,069,071				40,157,164
Dilution effect of share-based compensation, treasury method		—		(1)		—		(1)
Weighted average shares – diluted		41,069,071				40,157,164

Net loss per share:
Basic	$	(0.33	)		$	(0.19	)
Diluted	$	(0.33	)		$	(0.19	)

(1)	Approximately 39,000 options to purchase our common stock were excluded from this calculation because they were antidilutive for the three months ended March 31, 2016 and 2015.