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Earnings Per Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share  
Earnings Per Share

(13) Earnings Per Share

 

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

 

 

 

 

 

 

 

 

 

 

    

June 30, 

 

 

 

2018

    

2017

    

Three Months Ended

 

 

 

 

 

 

 

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

    

$

(3,035)

    

$

4,643

 

Shares of common stock and common stock equivalents:

 

 

 

 

 

 

 

Average common shares used in basic computation

 

 

33,035

 

 

33,125

 

Effect of dilutive securities

 

 

 —

 

 

1,097

 

Average common shares used in diluted computation

 

 

33,035

 

 

34,222

 

(Loss) income per share:

 

 

 

 

 

 

 

Basic

 

$

(0.09)

 

$

0.14

 

Diluted

 

$

(0.09)

 

$

0.14

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

 

 

 

 

Net income for basic and diluted income per share

    

$

1,342

    

$

9,945

 

Shares of common stock and common stock equivalents:

 

 

 

 

 

 

 

Average common shares used in basic computation

 

 

32,963

 

 

33,037

 

Effect of dilutive securities

 

 

1,023

 

 

1,143

 

Average common shares used in diluted computation

 

 

33,986

 

 

34,180

 

Income per share:

 

 

 

 

 

 

 

Basic

 

$

0.04

 

$

0.30

 

Diluted

 

$

0.04

 

$

0.29

 

 

There were no anti-dilutive equity awards for the three months ended June 30, 2018 due to the fact that the Company recorded a loss. For the six months ended June 30, 2018, there were approximately 0.2 million average shares that were anti-dilutive and thus not included in the computation of diluted EPS. For both the three and six month periods ended June 30, 2017, there were approximately 0.1 million average shares that were anti-dilutive and thus not included in the computation of diluted EPS.