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BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

9 Months Ended

Sep. 30, 2018

BASIC AND DILUTED (LOSS) INCOME PER COMMON SHARE

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

Basic and diluted income (loss) 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 income (loss) per share (in thousands, except per share data):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Numerator:
Income (loss) from continuing operations	$	788		$	(219	)	$	128		$	1,683
Loss from discontinued operations, net of income taxes		(730	)		(576	)		(1,440	)		(1,084	)
Net income (loss)	$	58		$	(795	)	$	(1,312	)	$	599

Denominator:
Weighted average basic shares outstanding	$	8,726		$	8,725		$	8,726		$	8,713
Effect of dilutive securities - equity based compensation plans		8			—			—			14
Denominator for diluted net income per common share	$	8,734		$	8,725		$	8,726		$	8,727

Earnings (loss) per share:
Basic
Income (loss) from continuing operations	$	0.09		$	(0.03	)	$	0.01		$	0.19
Loss from discontinued operations		(0.08	)		(0.06	)		(0.17	)		(0.11	)
Net income (loss)	$	0.01		$	(0.09	)	$	(0.16	)	$	0.08

Diluted
Income (loss) from continuing operations	$	0.09		$	(0.03	)	$	0.01		$	0.19
Loss from discontinued operations		(0.08	)		(0.06	)		(0.17	)		(0.11	)
Net income (loss)	$	0.01		$	(0.09	)	$	(0.16	)	$	0.08