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BASIC AND DILUTED (LOSS) INCOME PER COMMON SHARE

6 Months Ended

Jun. 30, 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 June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Numerator:
(Loss) income from continuing operations	$	(78	)	$	1,695		$	(660	)	$	1,899
Loss from discontinued operations, net of income taxes		(718	)		(410	)		(710	)		(507	)
Net (loss) income	$	(796	)	$	1,285		$	(1,370	)	$	1,392

Denominator:
Weighted average basic shares outstanding	$	8,726		$	8,713		$	8,726		$	8,707
Effect of dilutive securities - equity based compensation plans		—			29			—			29
Net dilutive effect of warrants outstanding		—			1			—			1
Denominator for diluted net income per common share	$	8,726		$	8,743		$	8,726		$	8,737

(Loss) earnings per share:
Basic
(Loss) income from continuing operations	$	(0.01	)	$	0.19		$	(0.08	)	$	0.22
Income (loss) from discontinued operations		(0.08	)		(0.04	)		(0.08	)		(0.05	)
Net (loss) income	$	(0.09	)	$	0.15		$	(0.16	)	$	0.17

Diluted
(Loss) income from continuing operations	$	(0.01	)	$	0.19		$	(0.08	)	$	0.22
Loss from discontinued operations		(0.08	)		(0.04	)		(0.08	)		(0.05	)
Net (loss) income	$	(0.09	)	$	0.15		$	(0.16	)	$	0.17