| Schedule of basic and diluted earnings per share |
Basic and diluted income (loss) per share were computed as follows, in thousands, except share and per share amounts:
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Three Months Ended June 30,
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Six Months Ended June 30,
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2016
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2015
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2016
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2015
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Income from continuing operations
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$
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15,615
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$
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6,630
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$
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26,731
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$
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2,830
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Loss from discontinued operations, net
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—
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(235)
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—
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(234)
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Net income - basic and diluted
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$
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15,615
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$
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6,395
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$
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26,731
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$
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2,596
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Weighted average number of common shares outstanding - basic
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37,691,259
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37,667,947
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37,726,542
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37,667,947
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Dilutive effect of common stock equivalents:
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RSAs with service-based conditions
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176,401
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—
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145,042
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—
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RSAs with market-based conditions
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58,392
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—
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29,196
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—
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RSAs with performance-based conditions
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—
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—
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—
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—
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Stock options
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50,651
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—
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37,328
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—
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Weighted average number of common shares outstanding - diluted
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37,976,703
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37,667,947
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37,938,108
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37,667,947
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Basic income (loss) per common share:
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Income from continuing operations
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$
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0.41
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$
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0.18
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$
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0.71
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$
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0.08
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Loss from discontinued operations, net
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—
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(0.01)
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—
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(0.01)
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Net income
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$
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0.41
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$
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0.17
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$
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0.71
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$
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0.07
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Diluted income (loss) per common share:
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Income from continuing operations
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$
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0.41
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$
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0.18
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$
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0.70
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$
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0.08
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Loss from discontinued operations, net
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—
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(0.01)
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—
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(0.01)
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Net income
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$
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0.41
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$
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0.17
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$
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0.70
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$
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0.07
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| Summary of shares excluded from the calculation of diluted income (loss) per share because their effect would have been anti-dilutive |
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Three Months Ended June 30,
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Six Months Ended June 30,
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2016
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2015
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2016
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2015
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Anti-dilutive common stock equivalents:
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RSAs with service-based conditions
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12,238
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—
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55,986
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—
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RSAs with market-based conditions
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—
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—
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12,647
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—
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RSAs with performance-based conditions
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—
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—
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—
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—
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Stock options
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445,196
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—
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464,740
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—
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Total anti-dilutive common stock equivalents:
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457,434
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—
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533,373
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—
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