Net (Loss) Income from Continuing Operations per Common Share

3 Months Ended

Mar. 31, 2023

Net (Loss) Income from Continuing Operations per Common Share

Net Loss from Continuing Operations per Common Share

Basic net (loss) income per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted net income per share incorporates the dilutive effect of common stock equivalent options, warrants and other convertible securities, if any, as determined with the treasury stock accounting method. For the three months ended March 31, 2023 and 2022, since there was a net loss from continuing operations, the Company excluded 920 and 1,861 shares underlying outstanding stock options and non-vested restricted shares, respectively, from its diluted loss per share calculation, as inclusion of these convertible securities would have reduced the net loss per share.

A reconciliation of the basic and diluted weighted average common shares outstanding is as follows:


	Three Months Ended
	March 31,
	2023	2022
Weighted average common shares outstanding—basic	18,882	18,449
Dilutive common shares issuable in connection with stock plans	—	—
Weighted average common shares outstanding—diluted	18,882	18,449