Earnings Per Share

12 Months Ended

Dec. 31, 2016

The computation of basic earnings per share of common stock is calculated by dividing net (loss) income by the weighted-average number of shares of the Company's common stock outstanding, as follows:



	Year Ended December 31,
(in thousands, except per share)	2016			2015		2014
(Loss) income from continuing operations, net of tax	$	(10,944	)	$	16,991	$	15,193
Weighted-average number of common shares outstanding	12,242			11,380		12,334
(Loss) income from continuing operations, net of tax, per share	$	(0.89	)	$	1.49	$	1.23
Net income from discontinued operations	$	—		$	89,372	$	9,977
Weighted-average number of common shares outstanding	12,242			11,380		12,334
Discontinued operations, net of tax, per share	$	—		$	7.86	$	0.81
Net (loss) income	$	(10,944	)	$	106,363	$	25,170
Weighted-average number of common shares outstanding	12,242			11,380		12,334
Net (loss) income per share	$	(0.89	)	$	9.35	$	2.04

Diluted earnings per share gives effect to dilutive potential common shares outstanding during the reporting period. The Company had potentially dilutive common share equivalents, in the form of outstanding stock options (see Note 15 - "Stock-Based Compensation"), during the years ended December 31, 2016, 2015 and 2014, although none were dilutive because the exercise price of these equivalents exceeded the market value of the Company's common stock during those periods. During the year ended December 31, 2016, all remaining stock options expired unexercised.