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BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE
 3 Months Ended
Mar. 31, 2020
Earnings (loss) per share:  
BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

12. 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
March 31,		  
    2020     2019  
Numerator:                
Net (loss) income   $ (2,921 )   $ 4,335  
Income from discontinued operations, net of income taxes     —       1,312  
Net (loss) income   $ (2,921 )   $ 5,647  
                 
Denominator:                
Weighted average basic shares outstanding     8,726       8,726  
Denominator for diluted net (loss) income per common share     8,726       8,730  
                 
(Loss) income per share:                
Basic                
(Loss) income from continuing operations   $ (0.33 )   $ 0.50  
Income from discontinued operations     —       0.15  
Net (loss) income   $ (0.33 )   $ 0.65  
                 
Diluted                
(Loss) income from continuing operations   $ (0.33 )   $ 0.50  
Income from discontinued operations     —       0.15  
Net (loss) income   $ (0.33 )   $ 0.65