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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Components of Earnings per Common Share
Following is a summary of the information used in the computation of earnings per common share (in thousands):
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
Net loss available to common shareholders
 
$
(1,479
)
 
$
(6,225
)
 
$
(1,928
)
 
$
(4,545
)
Dividends on Series C preferred stock
 

 

 

 

Adjusted net loss available to common shareholders
 
$
(1,479
)
 
$
(6,225
)
 
$
(1,928
)
 
$
(4,545
)
Weighted average number of common shares outstanding used in computation of basic loss per common share
 
16,526

 
12,227

 
16,511

 
11,749

Effect of dilutive securities:
 
 

 
 
 
 
 
 
Stock options
 
3

 
10

 
3

 
13

Restricted stock
 

 

 

 

Weighted average number of common shares outstanding plus effect of dilutive securities – used in computation of diluted loss per share
 
16,529

 
12,237

 
16,514

 
11,762

Summary of Securities Excluded from Computation of Earnings per Share
Following is a summary of the securities that were excluded from the computation of diluted earnings per share because the effects of the shares were anti-dilutive (in thousands):

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
Stock options
 
31

 
84

 
31

 
84

Restricted stock
 

 

 

 

Shares subject to the outstanding warrant issued in connection with the CPP transaction
 
104

 
104

 
104

 
104

Convertible preferred stock
 
500

 
505

 
500

 
505