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Earnings Per Share
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

11.Earnings Per Share:

We have adopted the provisions of ASC 260, “Earnings Per Share,” requiring presentation of both basic and diluted earnings per share. A reconciliation of the numerators and denominators of the basic and diluted per share calculations is presented below (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

Numerator for both basic and diluted earnings per share:

 

 

  

 

 

  

 

Net income (loss)

 

$

10,347

 

$

(11,553)

 

 

 

 

 

 

 

 

 

Denominator, basic shares

 

 

18,086

 

 

18,343

 

Effect of dilutive securities:

 

 

  

 

 

  

 

Stock-based compensation awards

 

 

115

 

 

 —

 

Denominator, diluted shares

 

 

18,201

 

 

18,343

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

$

0.57

 

$

(0.63)

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

$

0.57

 

$

(0.63)

 

 

We had 32,164 and 406,731 shares of common stock potentially issuable upon exercise of employee stock options for years ended December 31, 2018 and 2017, respectively, that were excluded from the weighted average number of shares outstanding on a diluted basis because the effect of such options would be anti-dilutive. These instruments expire at varying times from 2019 to 2021.