7. NET LOSS PER SHARE

Basic net loss per share is computed by dividing the net loss by the weighted average shares outstanding. Diluted loss per share is computed by dividing the net loss by the weighted average diluted shares outstanding.

The computation of basic and diluted loss per share is as follows (in thousands, except share and per share data):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
				(as adjusted)				(as adjusted)
Net loss	$	(5,171)	$	(2,922)	$	(12,591)	$	(27,002)
Weighted average common shares outstanding:
Basic		22,926,764		22,786,745		22,901,558		22,765,548
Dilutive common stock options, restricted stock unit awards and restricted stock awards		—		—		—		—
Diluted		22,926,764		22,786,745		22,901,558		22,765,548
Basic loss per share of common stock	$	(0.23)	$	(0.13)	$	(0.55)	$	(1.19)
Diluted loss per share of common stock	$	(0.23)	$	(0.13)	$	(0.55)	$	(1.19)

The Company had a net loss in the three and nine months ended September 30, 2018 and 2017. As a result, all stock options, restricted stock unit awards, and restricted stock awards were anti-dilutive and excluded from weighted average shares used in determining the diluted loss per share of common stock for the respective periods.

The following weighted average numbers of stock options, restricted stock unit awards, and restricted stock awards, in each case as adjusted for the 5% stock dividend paid to shareholders on May 29, 2018, have been excluded from the calculation of diluted loss per share of common stock, as their effect would be anti-dilutive for the three and nine months ended September 30, 2018 and 2017:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Stock options		310,059		343,210		316,012	364,978
Restricted stock units		651,482		397,830		522,333	308,293
Non-participating restricted stock awards		65,974		74,725		67,417	77,716
Total		1,027,515		815,765		905,762	750,987