Earnings per Share

9 Months Ended

Sep. 30, 2020

The following table reconciles the numerators and denominators of the basic and diluted earnings per share computation (in thousands, except per share data):


	Three months ended				Nine months ended
	September 30,				September 30,
	2020		2019		2020		2019
Numerator:
Net (loss) income	$	(562)	$	(12,579)	$	3,685	$	(12,154)
Denominator for (loss) earnings per basic common share:
Weighted average common shares outstanding	13,248		13,137		13,214		13,112
Denominator for (loss) earnings per diluted common share:
Weighted average common shares outstanding	13,248		13,137		13,214		13,112
Dilutive effect of stock options and restricted shares	—		—		257		—
Diluted weighted average shares	13,248		13,137		13,471		13,112
Earnings per common share:
Basic	$	(0.04)	$	(0.96)	$	0.28	$	(0.93)
Diluted	$	(0.04)	$	(0.96)	$	0.27	$	(0.93)

For the three months ended September 30, 2020, restricted stock and stock options were not included in the computation of diluted loss per share due to their antidilutive effect.

For the nine months ended September 30, 2020, options to purchase 171,900 weighted average shares of common stock with exercise prices ranging from $14.89 to $33.36 were not included in the computation of diluted earnings per share due to their antidilutive effect.

For the three and nine months ended September 30, 2019, restricted stock and stock options were not included in the computation of diluted loss per share due to their antidilutive effect.