Net Loss per Share of Common Stock

The following table sets forth the computation of basic and diluted loss per share:



	Three months ended September 30,						Nine months ended September 30,
(dollars in thousands, except earnings per share)	2018			2017			2018			2017
Numerator for earnings per share:
Net loss that is available to common shareholders	$	(4,959	)	$	(78,815	)	$	(3,932	)	$	(86,217	)

Denominator for basic earnings per share:
Weighted average shares outstanding	22,222,827			22,075,318			22,162,237			22,015,008

Denominator for diluted earnings per share:
Effect of stock options and restricted stock units	—			—			—			—
Adjusted weighted average shares and assumed conversions	22,222,827			22,075,318			22,162,237			22,015,008

Basic loss per share	$	(0.22	)	$	(3.57	)	$	(0.18	)	$	(3.92	)

Diluted loss per share	$	(0.22	)	$	(3.57	)	$	(0.18	)	$	(3.92	)

Shares excluded from diluted loss per share due to:
Net loss position (excluded from denominator)	384,885			63,488			164,378			92,051
Inclusion would have been anti-dilutive (excluded from calculation)	563,903			893,198			669,496			780,062

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.