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Net Income (Loss) per Share of Common Stock
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Net Income (Loss) per Share of Common Stock
Net Loss per Share of Common Stock

The following table sets forth the computation of basic and diluted loss per share:
 
 
Three months ended March 31,
(dollars in thousands, except earnings per share)
 
2018
 
2017
Numerator for earnings per share:
 
 
 
 
Net loss that is available to common shareholders
 
$
(2,961
)
 
$
(6,570
)
 
 
 
 
 
Denominator for basic earnings per share:
 
 
 
 
Weighted average shares outstanding
 
22,086,640

 
21,938,735

 
 
 
 
 
Denominator for diluted earnings per share:
 
 
 
 
Effect of stock options and restricted stock units
 
—

 
—

Adjusted weighted average shares and assumed conversions
 
22,086,640

 
21,938,735

 
 
 
 
 
Basic loss per share
 
$
(0.13
)
 
$
(0.30
)
 
 
 
 
 
Diluted loss per share
 
$
(0.13
)
 
$
(0.30
)
 
 
 
 
 
Shares excluded from diluted loss per share due to:
 
 
 
 
Net loss position (excluded from denominator)
 
79,951

 
153,750

Inclusion would have been anti-dilutive (excluded from calculation)
 
1,006,899

 
615,587



When applicable, diluted shares outstanding include the dilutive impact of restricted stock units. Diluted shares also include the impact of eligible employee stock options, which are calculated based on the average share price for each fiscal period using the treasury stock method.