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Earnings per Common Share | 12 Months Ended
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Dec. 31, 2018
Earnings per Common Share |
Earnings per Common Share | Note 9 – Earnings per Common Share (sharecounts in thousands) Basic earnings per share is based on the weighted average number of shares outstanding and excludes the dilutive effect of unvested common stock equivalents. Diluted earnings per share is based on the weighted average number of shares outstanding and includes the dilutive effect of unvested common stock equivalents to the extent they are not anti-dilutive. Because the Company was in a net loss position for the year ended December 31, 2017, diluted net loss per share for this period excludes the effects of common stock equivalents, which are anti-dilutive. A reconciliation of the shares included in the basic and fully diluted earnings per share calculations is as follows:
|  | For the year ended December 31,
in thousands, except per share data |  | 2018 |  | 2017 |  | 2016
Net income (loss) |  | $ | 3,846 |  | $ | (22,399) |  | $ | 10,514
Weighted average common shares outstanding: |  |  |  |  |  |  |  |  |
Basic |  |  | 39,932 |  |  | 39,802 |  |  | 39,719
Incremental shares with dilutive effect: |  |  |  |  |  |  |  |  |
Restricted stock awards |  |  | 114 |  |  | — |  |  | 63
Diluted |  |  | 40,046 |  |  | 39,802 |  |  | 39,782
Net income (loss) per share: |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.10 |  | $ | (0.56) |  | $ | 0.27
Diluted |  | $ | 0.10 |  | $ | (0.56) |  | $ | 0.27

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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