EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2017

EARNINGS PER SHARE

Basic earnings per share is computed using the weighted average number of shares of common stock outstanding during the period. For diluted earnings (loss) per share, the weighted average number of shares includes common stock equivalents related to stock options and restricted stock. The following table presents the basis of the earnings (loss) per share computation (in thousands):



	Year Ended December 31,
	2017		2016		2015
Numerator for basic and diluted earnings (loss) per share:
Net Income applicable to common shareholders	$	5,846	$	1,224	$	2,610

Denominator:
Denominator for basic earnings per share — weighted average shares	12,900		12,824		12,776
Assumed exercise of stock options	24		20		21
Assumed satisfaction of restricted stock conditions	47		65		75
Denominator for diluted earnings per share — adjusted weighted average shares	12,971		12,909		12,872

For the year ended December 31, 2017, there were 127,008 shares of certain stock-based compensation awards excluded from the calculation of diluted earnings per share, as they were anti-dilutive. For the year ended December 31, 2016, there were no shares excluded from the calculation of diluted earnings per share. For the year ended December 31, 2015, there were15,995 shares of certain stock-based compensation awards excluded from the calculation of diluted earnings per share, as they were anti-dilutive.

HARDINGE INC 10-K