XML 38 R17.htm IDEA: XBRL DOCUMENT v3.3.1.900
(LOSS) EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
PER COMMON SHARE
 
Basic net income per common share is based upon the weighted average number of common shares outstanding.  Diluted net income per common share is based upon the weighted average number of common shares outstanding, including the dilutive effect of restricted stock, using the if-converted methods.

The following table shows a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share.
 
Year ended December 31,
 
2015
 
2014
 
2013
Numerators
 
 
 
 
 
Net loss
$
(2,241
)
 
$
(28,962
)
 
$
(58,485
)
Denominators


 


 


Weighted average common shares - basic
12,869,353

 
12,716,976

 
12,607,833

Dilutive effect of restricted stock
—

 
—

 
—

  Weighted average common shares - diluted
12,869,353

 
12,716,976

 
12,607,833

Basic earnings per share
$
(0.17
)
 
$
(2.28
)
 
$
(4.64
)
Diluted earnings per share
$
(0.17
)
 
$
(2.28
)
 
$
(4.64
)

 
For the twelve months ended December 31, 2015, December 31, 2014 and December 31, 2013, 159,875, 153,249 and 111,976 shares, respectively, are not included in the calculation of diluted earnings per share, as their inclusion would have been anti-dilutive. These securities could be dilutive in future periods.