Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

v3.7.0.1
EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY
Earnings per Share:
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):
 
Three Months Ended March 31,
 
 
2017
 
2016
 
Basic and diluted:
 
 
 
 
Numerator:
 
 
 
 
Net income (loss)
$
(6,454
)
 
$
989

 
Less: Distributed and undistributed income (unvested restricted stock)
(34
)
 
9

 
Net income attributable to common shareholders
$
(6,420
)
 
$
980

 
Denominator:
 
 
 
 
Weighted-average shares (1)
14,758

 
14,601

 
Basic and diluted earnings (loss) per share - common shareholders
$
(0.44
)
 
$
0.07

 

______________
(1) We have no dilutive securities.