Earnings Per Common Share

3 Months Ended

Mar. 31, 2018

Earnings Per Common Share [Abstract]

Earnings Per Common Share

(5)  Earnings per Common Share

We report basic earnings per common share, which excludes the effect of potentially dilutive securities, and diluted earnings per common share which include the effect of all potentially dilutive securities unless their impact is anti-dilutive. The following are reconciliations of the numerators and denominators of our basic and diluted earnings per share, (in thousands except for share and per share amounts):

	For the Three Months Ended
	March 31,
	2018		2017
Income (numerator):
Net income (loss) from continuing operations	$	133	$	(170)
Net income (loss) from discontinued operations	$	1,110	$	(43)
Weighted average shares (denominator):
Weighted average shares – basic		10,624,442		8,452,132
Dilution effect of share-based compensation, treasury method		—		—
Weighted average shares – dilutive		10,624,442		8,452,132
Income (loss) per share – Basic and Dilutive:
Continuing operations	$	0.01	$	(0.02)
Discontinued operations	$	0.10	$	(0.01)

Options issued to the Company’s directors in which the exercise price was higher than the average market price each quarter were excluded from diluted shares.