Earnings (Loss) per share

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and is calculated using the treasury stock method for stock options, restricted stock units ("RSUs"), restricted stock, warrants and deferred common stock. Common equivalent shares are excluded from the calculation in loss periods, as their effects would be anti-dilutive.

The information related to basic and diluted earnings (loss) per share for the three and nine months ended September 30, 2018 and 2017 is as follows:



	Three Months Ended September 30,					Nine Months Ended September 30,
(In thousands, except share data)	2018		2017			2018			2017
Numerator:
Net income (loss) from continuing operations	$	4,462	$	(10,761	)	$	1,549		$	(28,869	)
Net loss from discontinued operations	—		(3,334		)	(21,124		)	(18,360		)
Net income (loss)	$	4,462	$	(14,095	)	$	(19,575	)	$	(47,229	)
Denominator:
Weighted average number of shares outstanding:
Basic and diluted	78,199,579		55,390,247			73,941,595			54,665,776
Basic and diluted earnings (loss) per share: (1)
Continuing operations	$	0.06	$	(0.19	)	$	0.02		$	(0.53	)
Discontinued operations	$	—	$	(0.06	)	$	(0.29	)	$	(0.34	)
Net income (loss)	$	0.06	$	(0.25	)	$	(0.26	)	$	(0.86	)

(1)Earnings (loss) per share tables may contain summation differences due to rounding.

The following potentially dilutive securities were excluded from the calculation of diluted earnings (loss) per share because their effect would have been anti-dilutive for the periods presented:



	Three Months Ended September 30,		Nine Months Ended September 30,
	2018	2017	2018	2017

Restricted stock, restricted stock units and deferred common stock	3,842,631	16,524,140	3,842,631	16,524,140
Warrants	2,623,776	2,220,102	2,623,776	2,220,102
Stock options	112,000	222,000	112,000	222,000
Total anti-dilutive securities	6,578,407	18,966,242	6,578,407	18,966,242