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(LOSS) EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
(LOSS) EARNINGS 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 treasury stock method.

The following table shows a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share.
 
Year ended December 31,
 
2016
 
2015
 
2014
Numerators
 
 
 
 
 
Net loss
$
(35,107
)
 
$
(2,241
)
 
$
(28,962
)
Denominators


 


 


Weighted average common shares - basic
13,113,901

 
12,869,353

 
12,716,976

Dilutive effect of restricted stock
—

 
—

 
—

  Weighted average common shares - diluted
13,113,901

 
12,869,353

 
12,716,976

Basic earnings per share
$
(2.68
)
 
$
(0.17
)
 
$
(2.28
)
Diluted earnings per share
$
(2.68
)
 
$
(0.17
)
 
$
(2.28
)

 
For the twelve months ended December 31, 2016, December 31, 2015 and December 31, 2014, 94,408, 159,875 and 153,249 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.