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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Common Share
EARNINGS PER COMMON SHARE
(Share amounts in thousands)

The following table sets forth the computation of basic and diluted earnings (loss) per common share for the periods indicated:
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2017
 
2016
 
2017
 
2016
Numerator for basic and diluted earnings (loss) per common share:
 
 
 
 
 
 
 
 
Net income (loss)
 
$
3,024

 
$
(91,996
)
 
$
602

 
$
(94,828
)
Denominator:
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
10,335

 
10,263

 
10,327

 
10,248

Denominator for basic earnings per common share
 
10,335

 
10,263

 
10,327

 
10,248

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock compensation plans
 
148

 
—

 
200

 
—

Dilutive potential common shares
 
148

 
—

 
200

 
—

Denominator for diluted earnings per common share - adjusted weighted average shares outstanding and assumed conversions
 
10,483

 
10,263

 
10,527

 
10,248

Basic earnings (loss) per common share
 
$
0.29

 
$
(8.96
)
 
$
0.06

 
$
(9.25
)
Diluted earnings (loss) per common share
 
$
0.29

 
$
(8.96
)
 
$
0.06

 
$
(9.25
)
Dividends paid per common share
 
$
—

 
$
0.04

 
$
—

 
$
0.08



There were approximately 47 and 46 anti-dilutive shares during the three- and six-month periods ended June 30, 2016, respectively, excluded from the above calculation.