Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2016

The following tables set forth the computations of basic and diluted earnings (loss) per common share for the three months ended March 31, 2016 and 2015 (in thousands, except per share data):



	Three Months Ended March 31,
Basic earnings (loss) per common share:	2016			2015
Numerator:
Net loss from continuing operations	$	(65	)	$	(2,257	)
Net loss from discontinued operations	$	(487	)	$	(701	)

Denominator:
Weighted-average common shares outstanding	22,438			26,394

Basic loss per common share from continuing operations	$	—		$	(0.09	)
Basic loss per common share from discontinued operations	$	(0.02	)	$	(0.02	)

For all periods presented, basic and diluted net loss per share is the same, as any additional common stock equivalents would be anti-dilutive. We excluded 3.2 million and 3.3 million of stock options from the weighted average diluted common shares outstanding for the three months ended March 31, 2016 and 2015, respectively, which would have been anti-dilutive due to the net loss in those periods. In addition, we excluded 1.8 million of restricted stock units from the calculation of weighted average diluted common shares outstanding for the three months ended March 31, 2016 which would have been anti-dilutive due to the net loss.

We repurchased 663,541 shares of our common stock during the three months ended March 31, 2016 for $2.6 million, and 1,129,932 shares of our common stock during the three months ended March 31, 2015 for $5.5 million.

Pursuant to exercises of outstanding stock options, we issued 46,896 shares of our common stock having a value of approximately $0.1 million in the three months ended March 31, 2016 and 12,863 shares of our common stock having a value of less than $0.1 million in the three months ended March 31, 2015.