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EARNINGS (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE

  14. EARNINGS (LOSS) PER SHARE

 

Basic earnings (loss) per share is computed based on the weighted average number of common shares outstanding. The calculation of diluted earnings (loss) per share adds dilutive stock options computed using the treasury stock method as follows:

 

    2015     2014     2013  
                   
Basic weighted average common shares outstanding     28,065,000       27,833,000       27,679,000  
Plus dilutive stock options using treasury stock method     -       266,000       -  
                         
Diluted weighted average common shares outstanding     28,065,000       28,099,000       27,679,000  

 

For the years ended December 31, 2015, 2014 and 2013, common stock equivalents excluded from the calculation of weighted average shares because they were antidilutive are as follows:

 

    2015     2014     2013  
                   
Stock options     2,343,022       1,355,195       2,531,202  
Unvested shares of restricted common stock     100,000       -       -  
                         
Total     2,443,022       1,355,195       2,531,202