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Net Income (Loss) Per Common Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income (Loss) Per Common Share

The computation of basic and diluted net income (loss) per common share for the years ended December 31, 2018, 2017 and 2016 is as follows:

 

For the years ended December 31,

 

2018

 

 

2017

 

 

2016

 

(dollars in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

 

10,662

 

 

$

 

7,610

 

 

$

 

(5,347

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares of common stock outstanding

 

 

 

8,132,632

 

 

 

 

7,225,697

 

 

 

 

7,193,300

 

Weighted average effect of dilutive stock options and other

   share-based compensation

 

 

 

215,060

 

 

 

 

149,108

 

 

 

 

-

 

Weighted average number of shares of common stock outstanding,

   as adjusted

 

 

 

8,347,692

 

 

 

 

7,374,805

 

 

 

 

7,193,300

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

 

1.31

 

 

$

 

1.05

 

 

$

 

(0.74

)

Diluted earnings (loss) per share

 

$

 

1.28

 

 

$

 

1.03

 

 

$

 

(0.74

)