Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2018

Basic earnings (loss) per share (“EPS”) is computed by dividing net (loss) earnings applicable to common stockholders by the weighted average numbers of shares of common stock outstanding during the period. Diluted EPS is computed similarly to basic EPS, except that the denominator is increased for the assumed exercise of dilutive stock options and unvested restricted stock calculated using the treasury stock method.



	Three Months Ended March 31,
	2018		2017
Weighted average number of common shares outstanding — basic	26,246,610		26,610,215
Effect of dilutive share based awards	607,481		—
Weighted average number of common shares outstanding — diluted	26,854,091		26,610,215

Earnings (loss) per share:
Basic	$	0.04	$	(0.11	)
Diluted	$	0.04	$	(0.11	)

For the three months ended March 31, 2018, there were 8,474 stock options and restricted stock awards excluded from the computations of earnings per diluted share due to their anti-dilutive effect.

For the three months ended March 31, 2017, there was no effect of dilutive stock options and unvested restricted common stock on the calculation of diluted EPS as the Company had a net loss for this period. There would have been 51,739 anti-dilutive shares had the Company not been in a net loss position for this period.