Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

v3.5.0.2
EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2016
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 September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Basic and diluted:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net Income (loss)
$
541

 
$
(12,137
)
 
$
7,069

 
$
(10,697
)
Less: Distributed and undistributed income (unvested restricted stock)
2

 
24

 
70

 
71

Net income attributable to common shareholders
$
539

 
$
(12,161
)
 
$
6,999

 
$
(10,768
)
Denominator:
 
 
 
 
 
 
 
Weighted-average shares (1)
14,633

 
14,543

 
14,621

 
14,541

Basic and diluted earnings (loss) per share - common shareholders
$
0.04

 
$
(0.84
)
 
$
0.48

 
$
(0.74
)

______________
(1) We have no dilutive securities.