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Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share  
Earnings Per Share

(20)        Earnings Per Share

The following is a reconciliation of the basic and diluted earnings per share computations (dollars in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

    

2014

 

Net (loss) income for basic and diluted earnings per share

 

$
(25,918)

    

$
91,570

    

$
50,892

 

Shares of common stock and common stock equivalents:

 

 

 

 

 

 

 

 

 

 

Average common shares used in basic computation

 

 
32,906

 

 
33,907

 

 
35,349

 

Effect of dilutive securities

 

 

 —

 

 
908

 

 
1,016

 

Average common shares used in diluted computation

 

 
32,906

 

 
34,815

 

 
36,365

 

Income (loss) per share:

 

 

 

 

 

 

 

 

 

 

Basic

 

$
(0.79)

 

$
2.70

 

$
1.44

 

Diluted

 

$
(0.79)

 

$
2.63

 

$
1.40

 

 

For 2016 there were no anti-dilutive securities due to the fact that the Company incurred a loss during the year. At December 31, 2015, approximately 0.1 million share equivalents (based on the treasury stock method) were not included in the computation of diluted earnings per share because their effects would have been anti‑dilutive.