Net Income (Loss) from Continuing Operations per Common Share

6 Months Ended

Jun. 30, 2023

Net Income (Loss) from Continuing Operations per Common Share

Basic net income (loss) 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 June 30, 2022, since there was a net loss from continuing operations, the Company excluded 2,035 shares underlying outstanding stock options and non-vested restricted shares from its diluted loss per share calculation, as inclusion of these convertible securities would have reduced the net loss per share. For the six months ended June 30, 2022, since there was a net loss from continuing operations, the Company excluded 1,802 shares underlying outstanding stock options and non-vested restricted shares, 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		Six Months Ended
	June 30,		June 30,
	2023	2022	2023	2022
Weighted average common shares outstanding—basic	19,153	18,564	19,018	18,507
Dilutive common shares issuable in connection with stock plans	122	—	143	—
Weighted average common shares outstanding—diluted	19,275	18,564	19,161	18,507