NET INCOME (LOSS) PER COMMON SHARE (Block)

6 Months Ended

Jun. 30, 2018

Earnings Per Share Abstract

Earnings Per Share Text Block

7. NET INCOME (LOSS) PER COMMON SHARE

The following tables present the computations of basic and diluted net income (loss) per share from continuing operations and discontinued operations:

				Three Months Ended						Six Months Ended
				June 30,						June 30,
				2018			2017			2018			2017
			(amounts in thousands except per share data)

Basic Income (Loss) Per Share
	Numerator
		Net income available to the Company - continuing operations		$	1,597		$	6,414		$	(12,609)		$	(2,917)
		Preferred stock dividends			-			550			-			1,100
		Net income available to common shareholders from
		continuing operations			1,597			5,864			(12,609)			(4,017)
		Income (loss) from discontinued operations, net of tax			844			-			1,172			-
		Net income (loss) available to common shareholders		$	2,441		$	5,864		$	(11,437)		$	(4,017)
	Denominator
		Basic weighted average shares outstanding			138,639			38,945			138,962			38,935
		Net Income (Loss) Per Common Share - Basic:
		Net income (loss) from continuing operations per share available to common shareholders - Basic		$	0.01		$	0.15		$	(0.09)		$	(0.10)
		Net income (loss) from discontinued operations per share available to common shareholders - Basic		$	0.01		$	-		$	0.01		$	-
		Net income (loss) per share available
		to common shareholders - Basic		$	0.02		$	0.15		$	(0.08)		$	(0.10)

Diluted Income (Loss) Per Share
	Numerator
		Net income available to the Company - continuing operations		$	1,597		$	6,414		$	(12,609)		$	(2,917)
		Preferred stock dividends			-			550			-			1,100
		Net income available to common shareholders from
		continuing operations			1,597			5,864			(12,609)			(4,017)
		Income (loss) from discontinued operations, net of tax			844			-			1,172			-
		Net income (loss) available to common shareholders		$	2,441		$	5,864		$	(11,437)		$	(4,017)
	Denominator
		Basic weighted average shares outstanding			138,639			38,945			138,962			38,935
		Effect of RSUs and options under the treasury stock
		method			625			711			-			-
		Preferred stock under the as if converted method			-			-			-			-
		Diluted weighted average shares outstanding			139,264			39,656			138,962			38,935
		Net Income (Loss) Per Common Share - Diluted:
		Net income (loss) from continuing operations per share available to common shareholders - Diluted		$	0.01		$	0.15		$	(0.09)		$	(0.10)
		Net income (loss) from discontinued operations per share available to common shareholders - Diluted		$	0.01		$	-		$	0.01		$	-
		Net income (loss) per share available
		to common shareholders - Diluted		$	0.02		$	0.15		$	(0.08)		$	(0.10)

Disclosure of Anti-Dilutive Shares

The following table presents those shares excluded as they were anti-dilutive:

		Three Months Ended						Six Months Ended
		June 30,						June 30,
Impact Of Equity Issuances		2018			2017			2018			2017
		(amounts in thousands, except per share data)

Shares excluded as anti-dilutive under the treasury stock method:
	Options		563			14			566			-
	Price range of options: from	$	9.66		$	11.31		$	9.66		$	-
	Price range of options: to	$	13.98		$	11.78		$	13.98		$	-
	RSUs with service conditions		1,689			328			1,447			78
RSUs excluded with service and market conditions as
market conditions not met			226			267			226			267
Perpetual cumulative convertible preferred stock treated as
anti-dilutive under the as if method			-			1,962			-			1,962
Excluded shares as anti-dilutive when reporting a net loss			-			-			1,059			1,026