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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

10. EARNINGS PER COMMON SHARE

(Share amounts in thousands)



The following table sets forth the computation of basic and diluted loss per common share for the periods indicated:





 

 

 

 



 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

 

2017

 

2016

 

 

 

 

 

Numerator for basic and diluted loss per common share -

 

 

 

 

Loss available to common stockholders:

 

 

 

 

Net loss

$

 (2,422)

$

 (2,832)

Denominator:

 

 

 

 

Weighted average shares outstanding

 

 10,319 

 

 10,232 

Denominator for basic earnings per common share

 

 10,319 

 

 10,232 

Effect of dilutive securities:

 

 

 

 

Other stock compensation plans

 

 -

 

 -

Dilutive potential common shares

 

 -

 

 -

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

 

 10,319 

 

 10,232 

Basic loss per common share

$

 (0.23)

$

 (0.28)

Diluted loss per common share

$

 (0.23)

$

 (0.28)

Dividends paid per common share

$

 -

$

 0.04 



There were approximately 177 and 47 anti-dilutive shares during the three-month periods ended March 31, 2017 and 2016, respectively, excluded from the above calculation.