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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2016
EARNINGS PER SHARE  
EARNINGS PER SHARE

2. EARNINGS PER SHARE

The following table presents a reconciliation of basic and diluted earnings per share for the years ended December 31,2016 and 2015 as follows:

The following table presents a reconciliation of basic and diluted earnings per share for the years ended December 31, 2016 and 2015 as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

 

 

 

2016

    

2015

    

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

 

$
319

 

$
(21,807)

 

 

Weighted average number of common shares outstanding

 

 

 

 
14,843

 

 
14,677

 

 

Basic net income (loss) per share

 

 

 

$
0.02

 

$
(1.48)

 

 

Diluted earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

 

$
319

 

$
(21,807)

 

 

Weighted average number of common shares outstanding

 

 

 

 
14,843

 

 
14,677

 

 

Common stock equivalents:

 

 

 

 

 

 

 

 

 

 

Stock options and non-vested stock awards

 

 

 

 
238

 

 

 —

 

 

Weighted average number of common shares outstanding

 

 

 

 
15,081

 

 
14,677

 

 

Diluted net income (loss) per share

 

 

 

$
0.02

 

$
(1.48)

 

 

(1)   Stock options and RSUs granted and outstanding of 522,007 as of December 31, 2015 are excluded from the computation of diluted earnings due to the anti‑dilutive effect as a result of the Company’s net loss for the year ended December 31, 2015