2 .	Earnings (Loss) Per Share

A reconciliation of the basic and diluted earnings per share is as follows (in thousands, except per share amounts):

	For the three months ended
	September 30,
	201 6			2015
Weighted average common shares outstanding – basic		27,616			27,453
Dilutive effect of stock options and unvested restricted stock units		---			513
Weighted average common shares outstanding – diluted		27,616			27,966

Net income (loss)	$	(2,852	)	$	11,367
Earnings (loss) per common share:
Basic	$	(0.10	)	$	0.41
Diluted	$	(0.10	)	$	0.41

There were 869,275 and zero shares that were considered anti-dilutive for the three-month periods ended September 30, 2016 and September 30, 2015 respectively.