Earnings Per Common Share

12 Months Ended

Dec. 31, 2016

Basic and Diluted Earnings (Loss) Per Common Share

Earnings Per Common Share

12. Earnings Per Common Share

Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the reported periods. Diluted EPS reflects the potential dilution that could occur under the treasury stock method if stock options and other commitments to issue common stock were exercised, except in loss periods where the effect would be antidilutive. Potential common shares of approximately 279,000 and 562,000 for the years ended December 31, 2016 and 2014 have been excluded from the calculation of diluted EPS because the effect of their inclusion would be antidilutive. For the year ended December 31, 2015, since we reported a loss from continuing operations, all potential shares totaling 553,000 were excluded from the computation of diluted EPS as their inclusion would have been antidilutive. For the year ended December 31, 2015, had we reported income from continuing operations, approximately 466,000 common shares would have been excluded from the calculation of diluted EPS because the effect of their inclusion would have been antidilutive.

The reconciliation of the amounts used in the basic and diluted EPS computation was as follows for income from continuing operations (in thousands, except per share amounts):

	Income From Continuing Operations			Weighted Average Number of Common Shares Outstanding		Per Share Amounts
Year Ended December 31, 2016:
Basic EPS
Income from continuing operations	$	17,593			11,847	$	1.49
Effect of dilutive securities
Dilutive effect of stock-based awards		—			681
Diluted EPS
Adjusted income from continuing operations	$	17,593			12,528	$	1.40
Year Ended December 31, 2015:
Basic EPS
Loss from continuing operations	$	(17,948	)		12,049	$	(1.49	)
Effect of dilutive securities
Dilutive effect of stock-based awards		—			—
Diluted EPS
Adjusted loss from continuing operations	$	(17,948	)		12,049	$	(1.49	)
Year Ended December 31, 2014:
Basic EPS
Income from continuing operations	$	7,035			12,251	$	0.57
Effect of dilutive securities
Dilutive effect of stock-based awards		—			630
Diluted EPS
Adjusted income from continuing operations	$	7,035			12,881	$	0.55