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Earnings Per Common Share
 12 Months Ended
Dec. 31, 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 per common share for the three years ended December 31:
 
 
2017
 
2016
 
2015
Numerator for basic and diluted earnings (loss) per common share:
 
 
 
 
 
 
Net income (loss)
 
$
4,113

 
$
(141,660
)
 
$
(44,445
)
Denominator:
 
 
 
 
 
 
Weighted average shares outstanding
 
10,334

 
10,273

 
10,254

Denominator for basic earnings per common share
 
10,334

 
10,273

 
10,254

Effect of dilutive securities:
 
 
 
 
 
 
Stock compensation plans
 
149

 
—

 
—

Dilutive potential common shares
 
149

 
—

 
—

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

 
10,273

 
10,254

Basic earnings (loss) per common share
 
$
0.40

 
$
(13.79
)
 
$
(4.33
)
Diluted earnings (loss) per common share
 
$
0.39

 
$
(13.79
)
 
$
(4.33
)
Dividends paid per common share
 
$
—

 
$
0.12

 
$
0.16


There were 143 and 130 anti-dilutive shares in 2016 and 2015, respectively, that were excluded from the above calculation.