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(LOSS) INCOME PER COMMON SHARE
 12 Months Ended
Dec. 31, 2018
INCOME PER COMMON SHARE
NOTE J — (LOSS) INCOME PER COMMON SHARE
Basic 
(loss)
income per common share has been computed by dividing net 
(loss)
income by the weighted-average number of shares of the Company’s common stock outstanding. Diluted 
(loss)
income per common share adjusts net 
(loss)
income and basic 
(loss) 
income per common share for the effect of all potentially dilutive shares of the Company’s common stock.
 The calculations of basic and diluted (loss) income per common share for the years ended December 31, 2018, 2017 and 2016, are as follows:
 
 
 
2018
 
 
2017
 
 
2016
 
 
 
(in thousands - except per share amounts)
 
Net
(loss)
income – Basic and Diluted
 
$
(1,720
)
 
$
2,154
 
 
$
15,720
 
Weighted-average shares outstanding – Basic
 
 
19,452
 
 
 
14,505
 
 
 
14,174
 
Effect of dilutive securities: 
Stock options and other stock awards
 
 
—
 
 
 
450
 
 
 
375
 
Weighted-average shares outstanding – Diluted
 
 
19,452
 
 
 
14,955
 
 
 
14,549
 
Basic 
(loss)
income per common share
 
$
(0.09
)
 
$
0.15
 
 
$
1.11
 
Diluted
(loss)
income per common share
 
$
(0.09
)
 
$
0.14
 
 
$
1.08
 
The computations of diluted 
(loss)
income per common share for the years ended December 31, 2018, 2017 and 2016 excludes 1,869,120, 1,190,261 and 1,335,113, respectively, related to options to purchase shares and other stock awards. These shares were excluded due to their antidilutive effect.