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Earnings Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

The computations of basic and diluted (loss)/earnings per share follow:
 
 
For the Three Months Ended March 31,
 
 
2017
 
2016
Dollars in thousands,
except per share amounts
 
Income
(Numerator)
 
Common
Shares
(Denominator)
 
Per
Share
 
Income
(Numerator)
 
Common
Shares
(Denominator)
 
Per
Share
Net income (loss)
 
$
(1,616
)
 
 
 
 
 
$
4,062

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic (loss)/earnings per share
 
$
(1,616
)
 
10,738,365

 
$
(0.15
)
 
$
4,062

 
10,671,856

 
$
0.38

 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 

 
 
 
 
 
 

Stock options
 
 
 
—

 
 

 
 
 
7,445

 
 

Stock appreciation rights (SARs)
 
 
 
—

 
 
 
 
 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted (loss)/earnings per share
 
$
(1,616
)
 
10,738,365

 
$
(0.15
)
 
$
4,062

 
10,679,301

 
$
0.38


Stock option and stock appreciation right (SAR) grants are disregarded in this computation if they are determined to be anti-dilutive.  Our anti-dilutive stock options for the quarters ended March 31, 2017 and March 31, 2016 were 49,140 shares and 57,000 shares respectively. Our anti-dilutive SARs for quarters ended March 31, 2017 and March 31, 2016 were 254,332 and 166,717, respectively.