Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.5.0.2
Earnings Per Share
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Earnings Per Share
Earnings Per Share

For purposes of this calculation, stock warrants, outstanding stock options and unvested restricted shares are considered common stock equivalents using the treasury stock method, and are the only such equivalents outstanding. For all periods presented, all common stock equivalents outstanding were anti-dilutive.

The following table summarizes equivalent units outstanding that were excluded from the earnings per share calculation because their effects were anti-dilutive (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Common stock purchase warrants
5,632

 
1,117

 
5,632

 
1,117

Stock options
1,892

 
1,933

 
1,892

 
1,933

Restricted shares of common stock
84

 
123

 
84

 
123

 
7,608

 
3,173

 
7,608

 
3,173