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Earnings Per Share
 12 Months Ended
Dec. 31, 2018
Earnings Per Share  
Earnings Per Share

(22)        Earnings Per Share

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

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

 

    

2018

    

2017

    

2016

 

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

 

$

691

    

$

(39,440)

    

$

(25,918)

 

Shares of common stock and common stock equivalents:

 

 

 

 

 

 

 

 

 

 

Average common shares used in basic computation

 

 

33,003

 

 

33,009

 

 

32,906

 

Effect of dilutive securities

 

 

1,404

 

 

 —

 

 

 —

 

Average common shares used in diluted computation

 

 

34,407

 

 

33,009

 

 

32,906

 

Income (loss) per share:

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.02

 

$

(1.19)

 

$

(0.79)

 

Diluted

 

$

0.02

 

$

(1.19)

 

$

(0.79)

 

 

At December 31, 2018, approximately 1.4 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. For 2017 and 2016, there were no anti-dilutive securities due to the fact that the Company incurred a loss during the year.