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BASIC AND DILUTED (LOSS) INCOME PER COMMON SHARE

12 Months Ended

Dec. 31, 2017

BASIC AND DILUTED (LOSS) INCOME PER COMMON SHARE

17. BASIC AND DILUTED (LOSS) INCOME PER COMMON SHARE

Basic and diluted (loss) income per common share are calculated based on the weighted average number of shares outstanding during the period. The Company’s employee and director stock option awards, as well as incremental shares issuable upon exercise of warrants, are not considered in the calculations if the effect would be anti-dilutive. The following table sets forth the computation of basic and diluted (loss) income per share (in thousands, except per share data):

	Year Ended December 31,
	2017			2016
Numerator:
(Loss) Income from continuing operations	$	(2,697	)	$	1,454
Loss from discontinued operations, net of income taxes		(6,647	)		(2,517	)
Net loss		(9,344	)		(1,063	)

Denominator:
Weighted average basic shares outstanding		8,717			8,700
Denominator for diluted earnings per common share		8,717			8,700

Anti-dilutive securities (excluded from per share calculation):
Equity based compensation plans		383			173
Warrants		51			51

(Loss) earnings per share:
Basic
(Loss) income from continuing operations	$	(0.31	)	$	0.17
Loss from discontinued operations		(0.76	)		(0.29	)
Net loss	$	(1.07	)	$	(0.12	)

Diluted
(Loss) income from continuring operations	$	(0.31	)	$	0.17
Loss from discontinued operations		(0.76	)		(0.29	)
Net loss	$	(1.07	)	$	(0.12	)