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Earnings Per Share

12 Months Ended

Dec. 31, 2019

For the years ended December 31,2019, 2018, and 2017, basic earnings per share were computed by dividing net (loss) income by the weighted average number of shares of common stock outstanding during the period. Unexercised stock options and unvested restricted shares are excluded from this calculation but are included in the diluted earnings per share calculation using the treasury stock method as long as their effect is not antidilutive.

The following table provides a reconciliation of weighted-average shares used to determine basic and diluted earnings per share.



	For the years ended December 31,
In thousands	2019	2018	2017
Basic average common shares outstanding	17,271	17,204	17,045
Effect of dilutive options and restricted stock awards	—	126	272
Diluted average common shares outstanding	17,271	17,330	17,317

Dilutive stock options totaling 54,828 shares of Common Stock were excluded from the diluted per share computation for the year ended December 31, 2019, as the Company reported a net loss during that period and, therefore, the effective of including these options would be antidilutive.

For the years ended December 31, 2019, 2018 and 2017, stock options for 573,920, 455,515 and 44,837 shares of Common Stock, respectively, were not considered in computing diluted earnings per common share as the stock options were considered anti-dilutive.