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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table presents the calculation of basic and diluted earnings (loss) per common share, as follows (dollars in thousands, except per share amounts):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
Net income (loss)
$
(18,898
)
 
$
(1,475
)
 
$
(21,763
)
 
$
(4,016
)
 
 
 
 
 
 
 
 
Weighted average common shares, basic and diluted*
7,675,952

 
7,608,284

 
7,647,520

 
7,613,954

 
 
 
 
 
 
 
 
Earnings (loss) per common share, basic and diluted
$
(2.46
)
 
$
(0.19
)
 
$
(2.85
)
 
$
(0.53
)
* The 309,000 nonvested shares of the restricted stock units were anti-dilutive as of September 30, 2017. Therefore, the basic and diluted weighted average common shares are equal for the three and nine months ended September 30, 2017.