Earnings (Loss) per Share

9 Months Ended

Sep. 30, 2022

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


	Three months ended				Nine months ended
	September 30,				September 30,
	2022		2021		2022		2021
	(in thousands, except per share data)
Numerator:
Net income (loss)	$	(80)	$	(1,257)	$	187	$	(3,569)
Denominator for earnings (loss) per basic common share:
Weighted average common shares outstanding	12,192		13,121		12,344		13,225
Denominator for earnings (loss) per diluted common share:
Weighted average common shares outstanding	12,192		13,121		12,344		13,225
Dilutive effect of stock options and restricted stock/units	—		—		90		—
Diluted weighted average shares	12,192		13,121		12,434		13,225
Earnings (loss) per common share:
Basic	$	(0.01)	$	(0.10)	$	0.02	$	(0.27)
Diluted	$	(0.01)	$	(0.10)	$	0.02	$	(0.27)

For the three and nine months ended September 30, 2022, 233,912 and 143,891 restricted stock/units, respectively, 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, 2022 326,584 stock options were not included in the computation of diluted loss per share due to their antidilutive effect.

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.