Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Sep. 30, 2015

NOTE 11. EARNINGS (LOSS) 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 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:


	Three Months Ended				Nine Months Ended
	September 30, 2015		September 30, 2014		September 30, 2015		September 30, 2014

Weighted average shares outstanding - basic		32,776		32,585		32,735		32,525
Effect of dilutive stock awards		-		-		-		-
Weighted average shares outstanding - diluted		32,776		32,585		32,735		32,525

Loss from continuing operations per share:
Basic	$	(1.50)	$	(0.04)	$	(1.67)	$	(0.20)
Diluted		(1.50)		(0.04)		(1.67)		(0.20)

Income (loss) from discontinued operations per share:
Basic	$	0.03	$	0.67	$	(0.02)	$	0.63
Diluted		0.03		0.67		(0.02)		0.63

Net (loss) income per share:
Basic	$	(1.47)	$	0.63	$	(1.69)	$	0.43
Diluted		(1.47)		0.63		(1.69)		0.43

For the three months ended September 30, 2015 and 2014, equity awards of 2,995 and 3,705, respectively, and for the nine months ended September 30, 2015 and 2014, equity awards of 3,241 and 3,567, respectively, were outstanding and anti-dilutive and therefore not included in the calculation of loss per share for these periods.