(Loss) Earnings per Share

9 Months Ended

Sep. 30, 2021

The following table reconciles the numerators and denominators of the basic and diluted (loss) earnings per share computation:


	Three months ended				Nine months ended
	September 30,				September 30,
	2021		2020		2021		2020
	(in thousands, except per share data)
Numerator:
Net (loss) income	$	(1,257)	$	(562)	$	(3,569)	$	3,685
Denominator for (loss) earnings per basic common share:
Weighted average common shares outstanding	13,121		13,248		13,225		13,214
Denominator for (loss) earnings per diluted common share:
Weighted average common shares outstanding	13,121		13,248		13,225		13,214
Dilutive effect of stock options and restricted stock/units	—		—		—		257
Diluted weighted average shares	13,121		13,248		13,225		13,471
(Loss) earnings per common share:
Basic	$	(0.10)	$	(0.04)	$	(0.27)	$	0.28
Diluted	$	(0.10)	$	(0.04)	$	(0.27)	$	0.27

For the three and nine months ended September 30, 2021, 276,319 restricted stock/units and 145,334 stock options were not included in the computation of diluted loss per share due to their antidilutive effect.

For the three months ended September 30, 2020, 262,781 restricted stock/units and 166,334 stock options were not included in the computation of diluted earnings per share due to their antidilutive effect. For the nine months ended September 30, 2020, 10,774 restricted stock/units and 171,900 stock options were not included in the computation of diluted earnings per share due to their antidilutive effect.