Earnings Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share

Earnings Per Share

(20)        Earnings Per Share

The following is a reconciliation of the basic and diluted earnings per share computations (dollars in thousands, except per share amounts):

	December 31,
	2017		2016		2015
Net (loss) income for basic and diluted (loss) income per share	$	(39,440)	$	(25,918)	$	91,570
Shares of common stock and common stock equivalents:
Average common shares used in basic computation		33,009		32,906		33,907
Effect of dilutive securities		—		—		908
Average common shares used in diluted computation		33,009		32,906		34,815
(Loss) income per share:
Basic	$	(1.19)	$	(0.79)	$	2.70
Diluted	$	(1.19)	$	(0.79)	$	2.63

For 2017 and 2016, there were no anti-dilutive securities due to the fact that the Company incurred a loss during the year. At December 31, 2015, approximately 0.1 million share equivalents (based on the treasury stock method) were not included in the computation of diluted earnings per share because their effects would have been anti‑dilutive.