Earnings per share ("EPS")

6 Months Ended

Jun. 30, 2017

12. Earnings per share (“EPS”)

For the three and six months ended June 30, 2017 and 2016, no adjustments were made to net income (loss) for purposes of calculating basic and diluted EPS. The following is a reconciliation of the weighted average shares used in diluted EPS computations.

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Weighted average common shares-basic		18,050,551		18,147,681		18,015,308		18,312,781
Effect of dilutive securities
Unexercised stock options and stock purchase plan		156,109		—		115,560		—
Unvested time-based restricted stock awards		136,378		—		157,182		—
Weighted average common shares-diluted		18,343,038		18,147,681		18,288,050		18,312,781

There were 462,146 and 532,277 outstanding options, restricted stock, and performance-based or market-based equity awards not included in the diluted earnings per share computation for the three months ended June 30, 2017 and 2016, respectively, and 506,964 and 499,620 outstanding options, restricted stock, and performance-based or market-based equity awards not included in the diluted earnings per share computation for the six months ended June 30, 2017 and 2016, respectively, because inclusion of these awards was anti-dilutive or, for performance-based and market-based awards, all necessary conditions had not been satisfied by the end of the respective period.