v3.8.0.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2017
Summary of Significant Accounting Policies  
Changes in warranty reserve

During the years ended December 31, 2017,  2016 and 2015, changes in the warranty reserve consisted of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

 

2017

    

2016

    

2015

 

Accrued warranty reserve, beginning of period

 

$

4,033

 

$

3,333

 

$

1,528

 

Reserve provided

 

 

5,089

 

 

3,864

 

 

3,974

 

Payments

 

 

(4,206)

 

 

(3,164)

 

 

(2,169)

 

Accrued warranty reserve, end of period

 

$

4,916

 

$

4,033

 

$

3,333

 

 

Reconciliation of net income and weighted average shares outstanding for the calculation of basic and diluted earnings per share

The following table represents a reconciliation of the net income (loss) and weighted average shares outstanding for the calculation of basic and diluted earnings (loss) per share for the years ended December 31, 2017, 2016 and 2015 (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

 

2017

 

2016

 

2015

 

Numerator:

    

 

    

    

 

    

    

 

    

 

Basic net income (loss)

 

$

(21,936)

 

$

147,107

 

$

11,950

 

Effect of dilutive securities

 

 

 —

 

 

2,969

 

 

 —

 

Diluted net income (loss)

 

$

(21,936)

 

$

150,076

 

$

11,950

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

22,493

 

 

22,346

 

 

22,010

 

Effect of dilutive securities

 

 

 —

 

 

4,163

 

 

120

 

Diluted weighted average shares outstanding

 

 

22,493

 

 

26,509

 

 

22,130

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

(0.98)

 

$

6.58

 

$

0.54

 

Diluted earnings (loss) per share

 

$

(0.98)

 

$

5.66

 

$

0.54