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Loss Per Share
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Loss Per Share
Loss Per Share
Basic earnings (loss) per share (“EPS”) is computed by dividing net earnings (loss) 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.
For the three and six months ended June 30, 2015 and 2014, there was no effect of dilutive stock options and unvested restricted common stock on calculation of diluted EPS as the Company had a net loss for these periods. As a result, the Company reported basic and diluted loss per share of $1.26 and $1.79 for the three and six months ended June 30, 2015, respectively, and $0.04 and $0.18 for the comparable prior-year periods. If the Company had not been in a net loss position, there would have been anti-dilutive shares of 340,086 and 342,183 in the three and six months ended June 30, 2015, respectively, and 393,736 and 293,867 in the comparable prior-year periods.