Stockholders' Equity

12 Months Ended

Dec. 31, 2017

Stockholders’ Equity

Common Stock - Our authorized capital stock consists of 60,000,000 shares of common stock with a par value of $0.01 per share, with 30,219,278 and 29,871,354 shares outstanding as of December 31, 2017 and 2016, respectively.

Preferred Stock - Our authorized capital stock consists of 5,000,000 shares of preferred stock with a par value of $0.01 per share, with no shares outstanding as of December 31, 2017 and 2016.

(Loss) Earnings Per Share - Basic (loss) earnings per share is determined by dividing net income by the weighted average number of common shares outstanding during the year. Diluted (loss) earnings per share presented is determined by dividing net income by the weighted average number of common shares and potential common shares outstanding during the period as determined by the Treasury Stock Method. Potential common shares are included in the diluted earnings per share calculation when dilutive.

Diluted (loss) earnings per share for years ended December 31, 2017, 2016 and 2015 includes the effects of potential common shares when dilutive and is as follows:



	2017			2016		2015
Net (loss) income attributable to common stockholders	$	(1,705	)	$	6,785	$	7,060
Weighted average number of common shares outstanding	29,942			29,530		29,209
Dilutive effect of restricted stock grants after application of the treasury stock method	—			348		190

Dilutive shares outstanding	29,942			29,878		29,399
Basic and dilutive (loss) earnings per share attributable to common stockholders	$	(0.06	)	$	0.23	$	0.24

For the years ended December 31, 2017 and 2016, diluted (loss) earnings per share excludes 787 thousand shares and 350 thousand shares, respectively, of nonvested restricted stock as the effect would have been anti-dilutive.

Dividends — We have not declared or paid any cash dividends in the past. The terms of the Third ARLS Agreement restricts the payment or distribution of our cash or other assets, including cash dividend payments.