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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2018
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 3 — EARNINGS PER SHARE 

The following table presents a reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2018 and 2017, as follows: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

June 30,

 

 

June 30,

 

 

 

    

2018

    

2017

 

 

2018

    

2017

 

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(6,116)

 

$

(780)

 

 

$

(10,954)

 

$

5,547

 

 

Weighted average number of common shares outstanding

 

 

15,420,704

 

 

15,013,768

 

 

 

15,339,420

 

 

14,971,796

 

 

Basic net (loss) income per share

 

$

(0.40)

 

$

(0.05)

 

 

$

(0.71)

 

$

0.37

 

 

Diluted earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(6,116)

 

$

(780)

 

 

$

(10,954)

 

$

5,547

 

 

Weighted average number of common shares outstanding

 

 

15,420,704

 

 

15,013,768

 

 

 

15,339,420

 

 

14,971,796

 

 

Common stock equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and non-vested stock awards (1)

 

 

 —

 

 

 —

 

 

 

 —

 

 

350,305

 

 

Weighted average number of common shares outstanding

 

 

15,420,704

 

 

15,013,768

 

 

 

15,339,420

 

 

15,322,101

 

 

Diluted net (loss) income per share

 

$

(0.40)

 

$

(0.05)

 

 

$

(0.71)

 

$

0.36

 

 

 

(1)

Stock options and restricted stock units granted and outstanding of 942,378 as of June 30, 2018 are excluded from the computation of diluted earnings due to the anti dilutive effect as a result of the Company’s net loss for the six months ended June 30, 2018.