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Earnings Per Common Share
 9 Months Ended
Sep. 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
September 30,
 
Nine Months Ended
September 30,
 
 
2017
 
2016
 
2017
 
2016
Numerator for basic and diluted earnings (loss) per common share:
 
 
 
 
 
 
 
 
Net income (loss)
 
$
3,222

 
$
(5,982
)
 
$
3,824

 
$
(100,810
)
Denominator:
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
10,341

 
10,296

 
10,332

 
10,264

Denominator for basic earnings per common share
 
10,341

 
10,296

 
10,332

 
10,264

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock compensation plans
 
138

 
—

 
103

 
—

Dilutive potential common shares
 
138

 
—

 
103

 
—

Denominator for diluted earnings per common share - adjusted weighted average shares outstanding and assumed conversions
 
10,479

 
10,296

 
10,435

 
10,264

Basic earnings (loss) per common share
 
$
0.31

 
$
(0.58
)
 
$
0.37

 
$
(9.82
)
Diluted earnings (loss) per common share
 
$
0.31

 
$
(0.58
)
 
$
0.37

 
$
(9.82
)
Dividends paid per common share
 
$
—

 
$
0.04

 
$
—

 
$
0.12



There were approximately 34 and 80 anti-dilutive shares during the three- and nine-month periods ended September 30, 2016, respectively, excluded from the above calculation.