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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

 

 

For the Three Months Ended

 

 

For the Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) Income

$

(97

)

 

$

5,096

 

 

$

(51,537

)

 

$

(183,498

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings per share -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

weighted average shares

 

36,925

 

 

 

36,673

 

 

 

36,895

 

 

 

36,659

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options and restricted stock

 

-

 

 

 

200

 

 

 

-

 

 

 

-

 

Denominator for diluted earnings per share -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted weighted average shares and the effect of dilutive securities

 

36,925

 

 

 

36,873

 

 

 

36,895

 

 

 

36,659

 

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share - basic

$

(0.00

)

 

$

0.14

 

 

$

(1.40

)

 

$

(5.01

)

Net loss per share - diluted (1)

$

(0.00

)

 

$

0.14

 

 

$

(1.40

)

 

$

(5.01

)

 

 

(1)

As a result of the net loss in the three and six months ended June 30, 2018, and the six months ended June 30, 2017, the effect of potentially dilutive securities would have been anti-dilutive and have been omitted from the calculation of diluted earnings per share.