Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

v3.8.0.1
EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Basic and diluted:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
(3,110
)
 
$
541

 
$
(20,488
)
 
$
7,069

Less: Distributed and undistributed income (loss) (unvested restricted stock)
(14
)
 
2

 
(100
)
 
70

Net income attributable to common shareholders
$
(3,096
)
 
$
539

 
$
(20,388
)
 
$
6,999

Denominator:
 
 
 
 
 
 
 
Weighted-average shares (1)
14,852

 
14,633

 
14,821

 
14,621

Basic and diluted earnings (loss) per share - common shareholders
$
(0.21
)
 
$
0.04

 
$
(1.38
)
 
$
0.48


______________
(1) We have no dilutive securities.