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Earnings Per Share
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

16.

EARNINGS PER SHARE

 

 

 

Year ended December 31, 2017

 

 

Year ended December 31, 2016

 

 

 

Earnings for

the period

 

Weighted

average shares

outstanding

 

 

Earnings

per share

 

 

Earnings for

the period

 

Weighted

average shares

outstanding

 

 

Earnings

per share

 

Basic EPS

$

 

11,898

 

 

39,409,369

 

$

 

0.30

 

$

 

31,738

 

 

32,098,930

 

$

 

0.99

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Share options

 

 

-

 

 

172,570

 

 

 

-

 

 

 

-

 

 

67,178

 

 

 

-

 

Warrants

 

 

-

 

 

275,304

 

 

 

-

 

 

 

-

 

 

253,247

 

 

 

-

 

Diluted EPS

$

 

11,898

 

 

39,857,243

 

$

 

0.30

 

$

 

31,738

 

 

32,419,355

 

$

 

0.98

 

 

At December 31, 2017, 2,134,850 (December 31, 2016 - 1,785,450) share options were outstanding, of which 1,723,584 were anti-dilutive (December 31, 2016 - 1,577,950).

At December 31, 2017, share purchase warrants that entitle the holders to purchase 5,851,000 (December 31, 2016 - 2,820,000) common shares were outstanding (note 13), of which 5,851,000 (December 31, 2016 - 1,820,000) were anti-dilutive.