Earnings (loss) per Share

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Denominator:
Weighted average common shares for basic earnings (loss) per share		16,266,342		16,383,630		16,253,848		16,432,376
Effect of dilutive securities		—		—		—		—
Weighted average common shares for diluted earnings (loss) per share		16,266,342		16,383,630		16,253,848		16,432,376

Stock awards to purchase 655,448 and 728,535 shares of common stock were not included in the diluted net income (loss) per share calculation for the three months ended June 30, 2017 and 2016, respectively, and 658,463 and 697,688 shares for the six months ended June 30, 2017 and 2016, respectively, as their inclusion would have been anti-dilutive.