LOSS PER COMMON SHARE

3 Months Ended

Mar. 31, 2017

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, 2017 and 2016 are as follows:


	Three Months Ended March 31,
	2017			2016
	(in thousands, except per share amounts)
Net loss– basic and diluted	$	(1,331	)	$	(4,288	)

Weighted-average shares outstanding – basic and diluted		14,396			13,963

Basic and diluted loss per common share	$	(0.09	)	$	(0.31	)

The computation of diluted loss per common share for the three months ended March 31, 2017 excludes options to purchase 1,833,200 shares and 169,962 restricted shares. 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. These shares were excluded due to their antidilutive effects.