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NET INCOME (LOSS) PER COMMON SHARE (Block) | 12 Months Ended
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Dec. 31, 2017
Earnings Per Share Abstract |
Earnings Per Share Text Block | 12. NET INCOME (LOSS) PER COMMON SHARE Net income per common share is calculated as basic net income per share and diluted net income per share. Basic net income per share excludes dilution and is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted net income per share is computed in the same manner as basic net income after assuming issuance of common stock for all potentially dilutive equivalent shares, which includes the potential dilution that could occur: (1) if the RSUs with service conditions were fully vested (using the treasury stock method); (2) if all of the Company’s outstanding stock options that are in-the-money were exercised (using the treasury stock method); (3) if the RSUs with ser vice and market conditions were co nsidered contingently issuable; (4) if the RSUs with service and performance conditions were con sidered contingently issuable and (5) if the Preferred was converted (using the as if converted method, for prior years only). The Company consider ed whether the options to purchase Class A common stock in connection with the ESPP were potentially dilutive and concluded there were no dilutive shares as all options are automatically exercised at the balance sheet date. The Company considered the all ocation of undistributed net income for multiple classes of common stock and determined that it was appropriate to allocate undistributed net income between the Company’s Class A and Class B common stock on an equal basis. For purposes of making this dete rmination, the Company’s charter provides that the holders of Class A and Class B common stock have equal rights and privileges except with respect to voting on most other matters where Class B shares voted by Joseph Field or David Field have a 10 to 1 sup er vote. The following tables present the computations of basic and diluted net income (loss) per share from continuing operations and discontinued operations:
|  |  |  | Year Ended December 31,
|  |  |  | 2017 |  | 2016 |  | 2015
|  |  |  | (amounts in thousands, except share and per share data)
Basic Income (Loss) Per Share |  |  |  |  |  |  |  |  |
| Numerator |  |  |  |  |  |  |  |  |
|  | Net income available to the Company - continuing operations |  | $ | 233,013 |  | $ | 38,065 |  | $ | 29,184
|  | Preferred stock dividends |  |  | 2,015 |  |  | 1,901 |  |  | 752
|  | Net income available to common shareholders from |  |  |  |  |  |  |  |  |
|  | continuing operations |  |  | 230,998 |  |  | 36,164 |  |  | 28,432
|  | Income (loss) from discontinued operations, net of tax |  |  | 836 |  |  | - |  |  | -
|  | Net income (loss) available to common shareholders |  | $ | 231,834 |  | $ | 36,164 |  | $ | 28,432
| Denominator |  |  |  |  |  |  |  |  |
|  | Basic weighted average shares outstanding |  |  | 51,392,899 |  |  | 38,500,495 |  |  | 38,083,947
|  | Net Income (Loss) Per Common Share - Basic: |  |  |  |  |  |  |  |  |
|  | Net income (loss) from continuing operations per share available to common shareholders - Basic |  | $ | 4.49 |  | $ | 0.94 |  | $ | 0.75
|  | Net income (loss) from discontinued operations per share available to common shareholders - Basic |  |  | 0.02 |  |  | - |  |  | -
|  | Net income (loss) per share available |  |  |  |  |  |  |  |  |
|  | to common shareholders - Basic |  | $ | 4.51 |  | $ | 0.94 |  | $ | 0.75
Diluted Income (Loss) Per Share |  |  |  |  |  |  |  |  |
| Numerator |  |  |  |  |  |  |  |  |
|  | Net income available to the Company - continuing operations |  | $ | 233,013 |  | $ | 38,065 |  | $ | 29,184
|  | Preferred stock dividends |  |  | 2,015 |  |  | 1,901 |  |  | 752
|  | Net income available to common shareholders from |  |  |  |  |  |  |  |  |
|  | continuing operations |  |  | 230,998 |  |  | 36,164 |  |  | 28,432
|  | Income (loss) from discontinued operations, net of tax |  |  | 836 |  |  | - |  |  | -
|  | Net income (loss) available to common shareholders |  | $ | 231,834 |  | $ | 36,164 |  | $ | 28,432
| Denominator |  |  |  |  |  |  |  |  |
|  | Basic weighted average shares outstanding |  |  | 51,392,899 |  |  | 38,500,495 |  |  | 38,083,947
|  | Effect of RSUs and options under the treasury stock method |  |  | 1,492,257 |  |  | 1,067,567 |  |  | 953,976
|  | Diluted weighted average shares outstanding |  |  | 52,885,156 |  |  | 39,568,062 |  |  | 39,037,923
|  | Net Income (Loss) Per Common Share - Diluted: |  |  |  |  |  |  |  |  |
|  | Net income (loss) from continuing operations per share available to common shareholders - Diluted |  | $ | 4.37 |  | $ | 0.91 |  | $ | 0.73
|  | Net income (loss) from discontinued operations per share available to common shareholders - Diluted |  |  | 0.02 |  |  | - |  |  | -
|  | Net income (loss) per share available |  |  |  |  |  |  |  |  |
|  | to common shareholders - Diluted |  | $ | 4.38 |  | $ | 0.91 |  | $ | 0.73
Disclosure o f Anti-Dilutive Shares The following table presents those shares excluded as they were anti-dilutive:
|  |  | Impact Of Equity Awards |
|  |  | Years Ended December 31,
|  | 2017 |  | 2016 |  | 2015
|  |  | (amounts in thousands, except per share data)
Dilutive or anti-dilutive for all potentially |  |  |  |  |  |  |  |  |  |
dilutive equivalent shares |  | dilutive |  | dilutive |  | dilutive
Excluded shares as anti-dilutive under the treasury |  |  |  |  |  |  |  |  |  |
stock method: |  |  |  |  |  |  |  |  |  |
| Options excluded |  |  | 548 |  |  | - |  |  | 14 |
| Price range of options excluded: from |  | $ | 11.69 |  | $ | - |  | $ | 11.24 |
| Price range of options excluded: to |  | $ | 13.98 |  | $ | - |  | $ | 11.78 |
| RSUs with service conditions |  |  | 163 |  |  | - |  |  | 8 |
Excluded RSUs with service and market conditions |  |  |  |  |  |  |  |  |  |
| as market conditions not met |  |  | 336 |  |  | 267 |  |  | 165 |
Excluded RSUs with service and performance |  |  |  |  |  |  |  |  |  |
| conditions until performance criteria is probable |  |  | - |  |  | - |  |  | 29 |
Excluded preferred stock as anti-dilutive under the as if method |  |  | - |  |  | 1,943 |  |  | 882 |

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