Numerator:

Net income (loss)

$

(11,627

)

$

4,251

$

(17,903

)

$

(27,692

)

Denominator:

Weighted average shares outstanding

15,289,622

13,502,166

15,827,411

13,435,643

Weighted average restricted shares vested not delivered

245,367

285,829

287,882

285,000

Total basic weighted average shares outstanding

15,534,989

13,787,995

16,115,293

13,720,643

Dilutive effect of assumed conversion of restricted stock units

—

4,113

—

Total diluted weighted average shares outstanding

15,534,989

13,792,108

16,115,293

13,720,643

Basic and diluted income (loss) per share:

Basic

$

(0.75

)

$

0.31

$

(1.11

)

$

(2.02

)

Diluted

$

(0.75

)

$

0.31

$

(1.11

)

$

(2.02

)