(Loss) Earnings Per Share

9 Months Ended

Sep. 30, 2015


	(Loss) Earnings Per Share

The computations of Basic and Diluted (Loss) Earnings per Share were as follows:



	Three Months Ended					Nine Months Ended
	September 30					September 30
	2015			2014		2015		2014
Numerator:
Net (Loss) Earnings	$	(951	)	$	11,792	$	18,892	$	33,110
Denominator:
Basic - Weighted Average Shares Outstanding	17,941,171			18,120,729		18,139,314		18,201,291
Effect of dilutive securities:
Share-based compensation plans	—			514,558		478,717		526,527
Diluted - Weighted Average Shares Outstanding	17,941,171			18,635,287		18,618,031		18,727,818
Basic (Loss) Earnings per Share	$	(0.05	)	$	0.65	$	1.04	$	1.82
Diluted (Loss) Earnings per Share	$	(0.05	)	$	0.63	$	1.01	$	1.77

Excluded from the dilutive securities shown above were options to purchase 746,206 and 81,874 shares of Common Stock during the three months ended September 30, 2015 and 2014, respectively. Excluded from the dilutive securities shown above were options to purchase 242,874 and 85,765 shares of Common Stock during the nine months ended September 30, 2015 and 2014, respectively. These exclusions were made as the exercise prices of the options are greater than the average market share of our Common Stock for the period, the number of shares we can repurchase under the treasury stock method exceeds the weighted shares outstanding in the options or if we have a net loss, as these effects are anti-dilutive.