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Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

The computation of basic and diluted earnings (loss) per share consisted of the following:
 
(Dollars in thousands, except per share data)
 
Year Ended December 31,
 
2015
 
2014
 
2013
Weighted average shares:
 
 
 
 
 
Basic weighted average shares outstanding
8,726

 
8,683

 
8,634

Effect of dilutive securities outstanding
150

 
—

 
—

Diluted weighted average shares outstanding
8,876

 
8,683

 
8,634

 
 
 
 
 
 
Earnings (loss):
 
 
 
 
 
Continuing operations
$
297

 
$
(6,061
)
 
$
(6,981
)
Discontinued operations
—

 
1,692

 
1,861

Net earnings (loss)
$
297

 
$
(4,369
)
 
$
(5,120
)
 
 
 
 
 
 
Basic and diluted earnings (loss) per share of common stock:
 
 
 
 
 
Continuing operations
$
0.03

 
$
(0.70
)
 
$
(0.81
)
Discontinued operations
—

 
0.20

 
0.22

Net earnings (loss)
$
0.03

 
$
(0.50
)
 
$
(0.59
)


For the year ended December 31, 2015, stock options to purchase 40,000 of the Company's common stock were excluded from the computation of diluted earnings per share because the options’ exercise price was greater than the average market price of the common stock. The dilutive effect of outstanding securities of approximately 146,000 and 58,000 for the years ended December 31, 2014 and 2013, respectively, were excluded from the computation of diluted earnings per share as the Company recorded a loss for those periods and therefore the effect would have been anti-dilutive.