Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Dec. 31, 2015

NOTE 11. EARNINGS PER SHARE

Basic earnings (loss) per share is computed by dividing earnings (loss) by the weighted average number of common shares outstanding during each period. Diluted earnings (loss) per share is computed by dividing earnings (loss) by the total of the weighted average number of shares of common stock outstanding during each period, plus the effect of dilutive outstanding stock options and unvested restricted stock grants. Potentially dilutive securities are excluded from the computation of diluted earnings per share if their effect is anti-dilutive to the loss from continuing operations.

The following table is a reconciliation of basic and diluted shares of common stock outstanding used in the calculation of earnings per share:


	Year Ended December 31,
	2015		2014		2013

Weighted average shares outstanding - basic		32,600		32,567		32,007
Effect of dilutive stock awards		-		-		-
Weighted average shares outstanding - diluted		32,600		32,567		32,007

Loss from continuing operations per share:
Basic	$	(2.65)	$	(0.30)	$	(0.33)
Diluted		(2.65)		(0.30)		(0.33)

Income from discontinued operations per share:
Basic	$	0.32	$	0.73	$	0.15
Diluted		0.32		0.73		0.15

Net (loss) income per share:
Basic	$	(2.33)	$	0.43	$	(0.18)
Diluted		(2.33)		0.43		(0.18)

For the years ended December 31, 2015, 2014, and 2013, equity awards of 3,074, 3,591, and 3,139, respectively, were outstanding and anti-dilutive and therefore not included in the calculation of loss per share for these periods.