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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2018
EARNINGS PER SHARE  
Reconciliation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

 

 

 

2018

    

2017

    

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

 

$

(24,146)

 

$

(3,641)

 

 

Weighted average number of common shares outstanding

 

 

 

 

15,468,975

 

 

15,053,049

 

 

Basic net (loss) income per share

 

 

 

$

(1.56)

 

$

(0.24)

 

 

Diluted earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

Net loss

 

 

 

$

(24,146)

 

$

(3,641)

 

 

Weighted average number of common shares outstanding

 

 

 

 

15,468,975

 

 

15,053,049

 

 

Common stock equivalents:

 

 

 

 

 

 

 

 

 

 

Stock options and non-vested stock awards (1)

 

 

 

 

 —

 

 

 —

 

 

Weighted average number of common shares outstanding

 

 

 

 

15,468,975

 

 

15,053,049

 

 

Diluted net loss per share

 

 

 

$

(1.56)

 

$

(0.24)

 

 


(1)   Stock options and restricted stock units granted and outstanding of 862,706 and 579,330 are excluded from the computation of diluted earnings for the years ended December 31, 2018 and 2017 due to the anti‑dilutive effect as a result of the Company’s net loss for those respective periods.