Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table is the computation of basic and diluted earnings per share:

	Three Months Ended June 30,					Six Months Ended June 30,
	2016			2015		2016			2015
Basic Earnings Per Share computation:
Numerator:
Net (loss) income	$	(11,073	)	$	347	$	(12,529	)	$	314
Denominator:
Common shares outstanding		15,979			18,257		16,149			18,284
Earnings per common share - basic
Net (loss) income	$	(0.69	)	$	0.02	$	(0.78	)	$	0.02
Diluted Earnings Per Share computation:
Denominator:
Common shares outstanding		15,979			18,257		16,149			18,284
Restricted shares subject to vesting	0			140		*			186
Common stock option grants	0			11		*			28
Total shares		15,979			18,408		16,149			18,498
Earnings per common share - diluted
Net (loss) income	$	(0.69	)	$	0.02	$	(0.78	)	$	0.02

* As denoted by “*” in the table above, the weighted average restricted shares of 163,000 for the six months ended June 30, 2016 respectively were excluded from the calculations of diluted net loss per share since their effects are anti-dilutive.