(LOSS) EARNINGS PER SHARE

Basic (loss) earnings per share is computed by dividing net income by the weighted average number of shares outstanding. Diluted earnings per share is computed by also considering the impact of potential common stock on both net income and the weighted average number of shares outstanding. Our potential common stock consists of employee stock options, restricted stock, restricted stock units and performance-based awards. Our potential common stock is excluded from the basic earnings per share calculation and is included in the diluted earnings per share calculation when doing so would not be anti-dilutive. Performance-based awards are included in the computation of diluted earnings per share only to the extent that the underlying performance conditions (and any applicable market condition) (i) are satisfied as of the end of the reporting period or (ii) would be considered satisfied if the end of the reporting period were the end of the related contingency period and the result would be dilutive under the treasury stock method. When we report a loss for the period presented, the diluted loss per share calculation does not include our potential common stock as the inclusion of these shares in the calculation would have an anti-dilutive effect. A reconciliation of the number of common shares used in the calculation of basic and diluted (loss) earnings per share is presented below:



	Years Ended December 31,
	2017					2016			2015
	Shares		Per-Share Amount			Shares	Per-Share Amount		Shares	Per-Share Amount
Basic (loss) earnings per share	16,711,534		$	(0.87	)	16,654,786	$	0.67	17,288,665	$	0.74
Effect of dilutive securities	—		—			26,924	—		100,808	—
Diluted (loss) earnings per share	16,711,534	—	$	(0.87	)	16,681,710	$	0.67	17,389,473	$	0.74
Securities excluded from the determination of weighted average shares for the calculation of diluted (loss) earnings per share, as they were potentially antidilutive	1,049,563					1,046,947			870,421