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Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

The computation of basic and diluted earnings (loss) per share consisted of the following:
 
(Dollars in thousands, except per share data)
 
Year Ended December 31,
 
2016
 
2015
 
2014
Weighted average shares:
 
 
 
 
 
Basic weighted average shares outstanding
8,780

 
8,726

 
8,683

Effect of dilutive securities outstanding
—

 
150

 
—

Diluted weighted average shares outstanding
8,780

 
8,876

 
8,683

 
 
 
 
 
 
Earnings (loss):
 
 
 
 
 
Continuing operations
$
(1,629
)
 
$
297

 
$
(6,061
)
Discontinued operations
—

 
—

 
1,692

Net earnings (loss)
$
(1,629
)
 
$
297

 
$
(4,369
)
 
 
 
 
 
 
Basic and diluted earnings (loss) per share of common stock:
 
 
 
 
 
Continuing operations
$
(0.19
)
 
$
0.03

 
$
(0.70
)
Discontinued operations
—

 
—

 
0.20

Net earnings (loss)
$
(0.19
)
 
$
0.03

 
$
(0.50
)


For the year ended December 31, 2016 and 2015, stock options to purchase 40,000 of the Company's common stock were excluded from the computation of diluted earnings per share because the options’ exercise price was greater than the average market price of the common stock. The dilutive effect of outstanding securities of approximately 164,000 and 146,000 for the years ended December 31, 2016 and 2014, respectively, were excluded from the computation of diluted earnings per share as the Company recorded a loss for those periods and therefore the effect would have been anti-dilutive.