Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2023

NET INCOME (LOSS) PER SHARE

The calculation of net income (loss) per common share including the number of shares for both basic and diluted net income (loss) per share is as follows (in thousands, except share and per share data):


	Three Months Ended March 31,
		2023		2022
Weighted average shares:
Basic weighted average number of common shares outstanding		18,426,408		18,191,446
Dilutive securities (1),(2)		91,509		—
Total shares including dilutive securities		18,517,917		18,191,446

Net income (loss):
Net income (loss) from continuing operations		$	1,084	$	(359)
Loss from discontinued operations, net of income tax		—		(47)
Net income (loss)		$	1,084	$	(406)

Net income (loss) per common share:
Basic income (loss) per common share:
Basic net income (loss) per common share from continuing operations		$	0.06	$	(0.02)
Basic loss per common share from discontinued operations		—		—
Basic net income (loss) per common share		0.06		(0.02)

Diluted income (loss) per common share:
Diluted net income (loss) per common share from continuing operations		$	0.06	$	(0.02)
Diluted loss per common share from discontinued operations		—		—
Diluted net income (loss) per common share		0.06		(0.02)

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(1)Dilutive securities include the dilutive effect of incremental shares for unvested restricted stock units ("RSUs") and unexercised stock options from the Company's stock-based compensation awards. The dilutive RSUs and stock options are calculated under the treasury stock method. For the three months ended March 31, 2023, 2,074,505 of stock options were excluded from dilutive shares because their effect would be anti-dilutive, and 105,843 of RSUs were excluded.

(2)The Company had no dilutive securities for the three months ended March 31, 2022 since the Company incurred net losses for both continuing and discontinued operations for these periods and inclusion would be antidilutive.