XML 75 R20.htm IDEA: XBRL DOCUMENT

BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

9 Months Ended

Sep. 30, 2019

BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

13. 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						Nine Months Ended
	September 30,						September 30,
	2019			2018			2019			2018
Numerator:
Net loss	$	(3,252	)	$	(1,404	)	$	(3,070	)	$	(4,368	)
Income from discontinued operations, net of income taxes		10,244			1,462			11,687			3,056
Net income (loss)	$	6,992		$	58		$	8,617		$	(1,312	)

Denominator:
Weighted average basic shares outstanding		8,726			8,726			8,726			8,726
Effect of dilutive securities - equity based compensation plans		4			8			4			—
Denominator for diluted net income per common share		8,730			8,734			8,730			8,726

Income (loss) per share:
Basic
Loss from continuing operations	$	(0.37	)	$	(0.16	)	$	(0.35	)	$	(0.50	)
Income from discontinued operations		1.17			0.17			1.34			0.35
Net income (loss)	$	0.80		$	0.01		$	0.99		$	(0.15	)

Diluted
Loss from continuing operations	$	(0.37	)	$	(0.16	)	$	(0.35	)	$	(0.50	)
Income from discontinued operations		1.17			0.17			1.34			0.35
Net income (loss)	$	0.80		$	0.01		$	0.99		$	(0.15	)