8. NET INCOME (LOSS) PER SHARE

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

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


	Three Months Ended March 31,
	2020		2019
Net income (loss)	$	993	$	(137)
Weighted average common shares outstanding
Basic		23,287,410		23,057,546
Dilutive common stock options, restricted stock unit awards and restricted stock awards		178,241		—
Diluted		23,465,651		23,057,546
Basic income (loss) per share of common stock	$	0.04	$	(0.01)
Diluted income (loss) per share of common stock	$	0.04	$	(0.01)

The Company had net income for the three months ended March 31, 2020 and had 178,241 dilutive restricted stock unit awards and no dilutive common stock options or restricted stock awards for that period. The Company had a net loss for the three months ended March 31, 2019, 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 that period.

The following weighted average numbers of stock options, restricted stock unit awards and restricted stock awards have been excluded from the calculation of diluted income (loss) per share of common stock, as their effect would be anti-dilutive for the three months ended March 31, 2020 and 2019:


	Three Months Ended March 31,
	2020		2019
Stock options		—		87,497
Restricted stock units		410,100		546,747
Restricted stock awards		—		32,987
Total		410,100		667,231