Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2017

Earnings (Loss) Per Share

The following table shows the computation of the numerator and the denominator used to calculate diluted earnings (loss) per share for the years ended December 31:



	2017			2016			2015

Numerator:
Net income (loss) attributable to common shareholders	$	(7,978,633	)	$	(944,683	)	$	731,351

Denominator:
Weighted-average shares outstanding – basic	15,911,577			16,236,525			16,715,970
Dilutive effect of restricted stock and stock options	—			—			378,784
Weighted-average shares outstanding – diluted	15,911,577			16,236,525			17,094,754

The Company's anti-dilutive restricted shares and stock options outstanding were as follows for the years ended December 31:



	2017	2016	2015

Anti-dilutive shares	18,325	13,300	46,633