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BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

6 Months Ended

Jun. 30, 2019

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

Basic and diluted income (loss) per common share is 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						Six Months Ended
	June 30,						June 30,
	2019			2018			2019		2018
Numerator:
Net (loss) income	$	(4,155	)	$	(1,658	)	$	182	$	(2,964	)
Income from discontinued operations, net of income taxes		132			862			1,443		1,594
Net (loss) income	$	(4,023	)	$	(796	)	$	1,625	$	(1,370	)

Denominator:
Weighted average basic shares outstanding		8,726			8,726			8,726		8,726
Effect of dilutive securities - equity based compensation plans		—			—			4		—
Denominator for diluted net income per common share		8,726			8,726			8,730		8,726

(Loss) earnings per share:
Basic
(Loss) income from continuing operations	$	(0.48	)	$	(0.19	)	$	0.02	$	(0.34	)
Income from discontinued operations		0.02			0.10			0.17		0.18
Net (loss) income	$	(0.46	)	$	(0.09	)	$	0.19	$	(0.16	)

Diluted
(Loss) income from continuing operations	$	(0.48	)	$	(0.19	)	$	0.02	$	(0.34	)
Income from discontinued operations		0.02			0.10			0.17		0.18
Net (loss) income	$	(0.46	)	$	(0.09	)	$	0.19	$	(0.16	)