Earnings (loss) per Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Earnings (loss) per Share

2. Earnings (loss) per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted earnings (loss) per share include the dilutive effects of options and unvested restricted stock awards and units.

The following reconciles the denominator used in the calculation of diluted earnings (loss) per share:

	Three Months Ended
	March 31,
	2017		2016
Denominator:
Weighted average common shares for basic earnings per share		16,241,215		16,481,122
Effect of dilutive securities		—		—
Weighted average common shares for diluted earnings per share		16,241,215		16,481,122

Stock awards to purchase 697,026 and 536,580 shares of common stock were not included in the diluted net income (loss) per share calculation for the three months ended March 31, 2017 and 2016, respectively, as their inclusion would have been anti-dilutive.