Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2018

NOTE 12. EARNINGS (LOSS) PER SHARE

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


	Year Ended December 31,
Numerator:	2018		2017		2016
Net income (loss)	$	12,204	$	7,497	$	(7,699)
Denominator:
Denominator for basic earnings (loss) per share – weighted-average shares	8,194		8,029		8,550
Effect of dilutive securities:
Employee restricted stock	24		27		—
Denominator for diluted earnings (loss) per share – adjusted weighted-average shares and assumed conversions	8,218		8,056		8,550
Basic earnings (loss) per share	$	1.49	$	0.93	$	(0.90)
Diluted earnings (loss) per share	$	1.49	$	0.93	$	(0.90)
Weighted-average anti-dilutive employee restricted stock	77		1		11