(LOSS) INCOME PER COMMON SHARE

9 Months Ended

Sep. 30, 2019

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 during the relevant period. 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. Anti-dilutive securities are not included in the computation of diluted earnings per

share under the treasury stock method.

The calculations of basic and diluted (loss) income per common share for the three and nine months ended September 30, 2019 and 2018 are as follows:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2019		2018		2019		2018
	(in thousands, except per share amounts)
Net (loss) income – basic	$	(13,519)	$	5,948	$	(29,899)	$	(11,707)
Weighted-average shares outstanding – basic	20,429		20,357		20,494		19,123
Effect of dilutive securities:
Stock options and other stock awards	—		124		—		—
Weighted-average shares outstanding – diluted	20,429		20,481		20,494		19,123
Basic (loss) income per common share	$	(0.66)	$	0.29	$	(1.46)	$	(0.61)
Diluted (loss) income per common share	$	(0.66)	$	0.29	$	(1.46)	$	(0.61)
Antidilutive Securities	2,128		1,361		2,246		1,746