Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE AND STOCK REPURCHASE PLAN (Tables)

v3.6.0.2
EARNINGS PER SHARE AND STOCK REPURCHASE PLAN (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data): 
 
2016
 
2015
 
2014
Numerator:
 
 
 
 
 
Net income (loss)
$
3,515

 
$
(25,364
)
 
$
15,320

Less: distributed loss / distributed and undistributed income (unvested restricted stock)
30

 
84

 
104

Net income (loss) attributable to common shareholders
$
3,485

 
$
(25,448
)
 
$
15,216

 
 
 
 
 
 
Denominator (basic and fully diluted):
 
 
 
 
 
Denominator for basic earnings per share-weighted-average shares
14,631

 
14,546

 
14,505

Basic and fully diluted earnings (loss) per share—common shareholders
$
0.24

 
$
(1.75
)
 
$
1.05