Earnings Per Common Share

12 Months Ended

Dec. 31, 2016

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note 13.

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:

		2016		2015		2014
Numerator for basic and diluted (loss) earnings per common share -
(Loss) income available to common stockholders:
Net (loss) income	$	(141,660)	$	(44,445)	$	25,656
Denominator:
Weighted average shares outstanding		10,273		10,254		10,225
Denominator for basic earnings per common share		10,273		10,254		10,225
Effect of dilutive securities:
Employee stock options		-		-		6
Other stock compensation plans		-		-		101
Dilutive potential common shares		-		-		107
Denominator for diluted earnings per common share - adjusted weighted average shares outstanding and assumed conversions		10,273		10,254		10,332
Basic (loss) earnings per common share	$	(13.79)	$	(4.33)	$	2.51
Diluted (loss) earnings per common share	$	(13.79)	$	(4.33)	$	2.48
Dividends paid per common share	$	0.12	$	0.16	$	0.13

There were 143 and 130 anti-dilutive shares in 2016 and 2015, respectively.  There were no antidilutive shares in 2014.