LOSS PER COMMON SHARE

3 Months Ended

Mar. 31, 2016

NOTE G — LOSS PER COMMON SHARE

Basic loss per common share has been computed by dividing net loss by the weighted-average number of shares of the Company’s common stock outstanding during the relevant period. Diluted loss per common share adjusts net loss and basic loss per common share for the effect of all potentially dilutive shares of the Company’s common stock. The calculations of basic and diluted loss per common share for the three month periods ended March 31, 2016 and 2015 are as follows:


	Three Months Ended
	March 31,
	2016			2015
	(in thousands, except per share amounts)
Net loss – basic and diluted	$	(4,288	)	$	(2,105	)

Weighted-average shares outstanding – basic and diluted		13,963			13,738

Basic and diluted loss per common share	$	(0.31	)	$	(0.15	)

The computation of diluted loss per common share for the three months ended March 31, 2016 excludes options to purchase 2,187,652 shares and 101,859 restricted shares. The computation of diluted loss per common share for the three months ended March 31, 2015 excludes options to purchase 2,276,927 shares. These shares were excluded due to their antidilutive effects.