(Loss) Earnings per Share

12 Months Ended

Dec. 31, 2021

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,
	2021		2020
Numerator:
Net (loss) income	$	(9,183)	$	1,808
Denominator for basic net (loss) income per common share:
Weighted average common shares outstanding	13,100		13,224
Denominator for diluted net (loss) income per share:
Weighted average common shares outstanding	13,100		13,224
Dilutive effect of stock options and restricted shares	—		37
Diluted weighted average shares	13,100		13,261
(Loss) earnings per common share:
Basic	$	(0.70)	$	0.14
Diluted	$	(0.70)	$	0.14

In the year ended ended December 31, 2021, 276,319 restricted stock/units and 200,834 stock options were not included in the computation of dilutive income per share, due to their anti-dilutive effect. In the year ended ended December 31, 2020, 221,061 restricted stock/units and 161,334 stock options were not included in the computation of diluted loss per share due to their antidilutive effect.