Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) Per Share

Basic earnings (loss) per share are based on the weighted average number of common shares outstanding during each period. Diluted earnings per share are based on the weighted average number of common shares outstanding and the effect of all dilutive common stock equivalents during each period. The exercise price for certain stock options awarded by the Company exceeds the average market price of the Company's common stock. Such stock options are antidilutive and are not included in the computation of (loss) earnings per share. For the year ended December 31, 2014, 801,441 potential common stock equivalents were excluded from the computation as the effect of such would be anti-dilutive. Antidilutive stock options outstanding totaled 795,133 and 2,283,840 in the years ended December 31,2013 and 2012, respectively.

The following table reconciles the denominators used in the computations of both basic and diluted (loss) earnings per share:

	Year ended December 31,
	2014	2013	2012
Basic:
Weighted average shares outstanding	27,421,441	27,296,732	27,138,927
Diluted:
Total basic weighted average shares outstanding	27,421,441	27,296,732	27,138,927
Effect of dilutive securities:
Common stock options	366,172	316,322	—
Total weighted average shares outstanding assuming dilution	27,787,613	27,613,054	27,138,927
Anti-dilutive stock options	801,441	795,133	2,283,840
Shares of common stock issued from the exercise of stock options	143,282	155,731	56,658