Three Months Ended

March 31,

March 31,

2017

2016

Basic earnings (loss) per common share

Net income  (loss)

$

(3,277)

$

5,278

Less income (loss) allocated to participating securities

(44)

70

Net income (loss) allocated to common shareholders

$

(3,233)

$

5,208

Weighted average common shares outstanding

22,532,027

22,417,337

$

(0.14)

$

0.23

Earnings (loss) per common share assuming dilution

Net income (loss)

$

(3,277)

$

5,278

Less income (loss) allocated to participating securities

(44)

70

Net income (loss) allocated to common shareholders

$

(3,233)

$

5,208

Weighted average common shares outstanding

22,532,027

22,417,337

Incremental shares applicable to non-participating RSUs

 -

 -

Weighted average common shares assuming dilution

22,532,027

22,417,337

$

(0.14)

$

0.23