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Weighted Average Common Shares (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Summary of Weighted Average Numbers of Common Shares Used to Compute Basic and Diluted Net Income Per Share

The weighted average number of common shares used to compute basic and diluted net income per share for the quarters and years to date ended June 30, 2019 and 2018 were as follows:

 

 

For the Quarter Ended June 30,

 

 

For the Year to Date Ended June 30,

 

 

2019 (1)

 

 

2018

 

 

2019

 

 

2018

 

Basic common shares outstanding

 

70,105

 

 

 

69,668

 

 

 

69,972

 

 

 

69,443

 

Common stock equivalents

 

-

 

 

 

1,894

 

 

 

1,810

 

 

 

1,796

 

Diluted common shares outstanding

 

70,105

 

 

 

71,562

 

 

 

71,782

 

 

 

71,239

 

______________

 

(1)

Due to the fact that we reported a loss from continuing operations for the quarter ended June 30, 2019, potential common stock equivalents are excluded from diluted common shares outstanding. Per FASB ASC Topic 260 – Earnings Per Share, an entity that reports discontinued operations shall use income or loss from continuing operations as the benchmark for calculating diluted common shares outstanding, and as such, we have zero common stock equivalents since these shares would have an anti-dilutive effect on our net loss per share for the quarter ended June 30, 2019.