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Earnings Per Share
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS/(LOSS) PER SHARE

The computations of basic and diluted earnings/(loss) per share follow:
 
 
For the Three Months Ended March 31,
 
 
2018
 
2017
Dollars in thousands,
except per share amounts
 
Income
(Numerator)
 
Common
Shares
(Denominator)
 
Per
Share
 
Income
(Numerator)
 
Common
Shares
(Denominator)
 
Per
Share
Net income (loss)
 
$
7,443

 
 
 
 
 
$
(1,616
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings/(loss) per share
 
$
7,443

 
12,358,849

 
$
0.60

 
$
(1,616
)
 
10,738,365

 
$
(0.15
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 

 
 
 
 
 
 

Stock options
 
 
 
7,521

 
 

 
 
 
—

 
 

Stock appreciation rights (SARs)
 
 
 
17,387

 
 
 
 
 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings/(loss) per share
 
$
7,443

 
12,383,757

 
$
0.60

 
$
(1,616
)
 
10,738,365

 
$
(0.15
)

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, 2018 and March 31, 2017 were 15,600 shares and 49,140 shares respectively. Our anti-dilutive SARs for quarters ended March 31, 2018 and March 31, 2017 were 87,615 and 254,332, respectively.