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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

Basic earnings per share (“basic EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the reporting period. Diluted earnings per share (“diluted EPS”) gives effect to all dilutive potential shares outstanding resulting from employee stock options, restricted stock units, performance share units and stock appreciation rights ("SARs") during the period. The following table sets forth the computation of basic and diluted earnings (loss) per share for the three months ended March 31, 2017 and 2016:


Three Months Ended March 31,
 
2017
 
2016

 
 


Net loss
$
(4,545
)
 
$
(2,265
)

 
 


Basic – weighted average shares outstanding
27,867

 
27,721


 
 


Effect of dilutive potential securities
—

 
—


 
 


Diluted – weighted average shares outstanding
27,867

 
27,721


 
 


Net loss (per share)
 

 
 

Basic
$
(0.16
)
 
$
(0.08
)
Diluted
(0.16
)
 
(0.08
)

 
The shares used in the calculation of diluted EPS exclude options and SARs to purchase shares where the exercise price was greater than the average market price of common shares for the period and the effect of the inclusion would be anti-dilutive. As the Company was in a net loss position at March 31, 2017 and 2016, there were no anti-dilutive shares.