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
 6 Months Ended
Jun. 30, 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 June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Basic and diluted:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
(10,923
)
 
$
5,540

 
$
(17,378
)
 
$
6,529

Less: Distributed and undistributed income (unvested restricted stock)
(53
)
 
60

 
(87
)
 
68

Net income attributable to common shareholders
$
(10,870
)
 
$
5,480

 
$
(17,291
)
 
$
6,461

Denominator:
 
 
 
 
 
 
 
Weighted-average shares (1)
14,851

 
14,631

 
14,805

 
14,616

Basic and diluted earnings (loss) per share - common shareholders
$
(0.73
)
 
$
0.37

 
$
(1.17
)
 
$
0.44


______________
(1) We have no dilutive securities.