(Loss) Earnings per Share

12 Months Ended

Dec. 31, 2019

Basic (loss) earnings per common share is computed using the weighted average number of common shares outstanding during the period. Diluted (loss) earnings per common share is computed using the weighted average number of common stock and common stock equivalent shares outstanding during the period.

The following table sets forth the computation of basic and diluted (loss) earnings per share (in thousands, except per share amounts):


	Year Ended December 31,
	2019		2018		2017
Numerator:
Net (loss) income	$	(13,864)	$	(466)	$	19,794
Denominator for basic net (loss) income per common share:
Weighted average common shares outstanding	13,114		12,965		12,831
Denominator for diluted net (loss) income per share:
Weighted average common shares outstanding	13,114		12,965		12,831
Dilutive effect of stock options and restricted shares	—		—		279
Diluted weighted average shares	13,114		12,965		13,110
(Loss) earnings per common share:
Basic	$	(1.06)	$	(0.04)	$	1.54
Diluted	$	(1.06)	$	(0.04)	$	1.51

In the years ended ended December 31, 2019 and 2018, restricted stock and stock options were not included in the computation of diluted loss per share due to their antidilutive effect.

In the year-ended December 31, 2017, options to purchase 83,917 shares of common stock with exercise prices ranging from $28.15 to $33.36 were not included in the computation of dilutive income per share, due to their anti-dilutive effect.