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BASIC AND DILUTED (LOSS) INCOME PER COMMON SHARE

3 Months Ended

Mar. 31, 2018

BASIC AND DILUTED (LOSS) INCOME PER COMMON SHARE

13. 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):

	Three Months Ended March 31,
	2018			2017
Numerator:
(Loss) income from continuing operations	$	(581	)	$	206
Income (loss) from discontinued operations, net of income taxes		7			(97	)
Net (loss) income	$	(574	)	$	109

Denominator:
Weighted average basic shares outstanding	$	8,726		$	8,702
Effect of dilutive securities - equity based compensation plans		—			32
Net dilutive effect of warrants outstanding		—			3
Denominator for diluted net income per common share	$	8,726		$	8,737

Anti-dilutive securities (excluded from per share calculation):
Equity based compensation plans		383			146
Warrants		51			—

(Loss) earnings per share:
Basic
(Loss) income from continuing operations	$	(0.07	)	$	0.02
Income (loss) from discontinued operations		0.00			(0.01	)
Net (loss) income	$	(0.07	)	$	0.01

Diluted
(Loss) income from continuing operations	$	(0.07	)	$	0.02
Income (loss) from discontinued operations		0.00			(0.01	)
Net (loss) income	$	(0.07	)	$	0.01