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BASIC AND DILUTED NET LOSS PER SHARE
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
BASIC AND DILUTED NET LOSS PER SHARE

14. BASIC AND DILUTED NET LOSS PER SHARE  

Net loss per share is computed under the provisions of ASC topic 260, Earnings Per Share. Basic loss per share is computed using net loss and the weighted average number of shares of common stock outstanding. Diluted loss per share reflects the weighted average number of shares of common stock outstanding plus any dilutive shares outstanding during the period. Potentially dilutive shares consist of shares issuable upon the exercise of stock options, restricted stock awards, and restricted stock units.

The following table sets forth the computation of basic and diluted net loss per common share (amounts in thousands, except per share amounts):

 

 

 

Three months ended March 31,

 

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

Net loss

 

$

(6,181

)

 

$

(544

)

Denominator:

 

 

 

 

 

 

 

 

Basic weighted average shares

 

 

23,803

 

 

 

23,036

 

Diluted weighted average shares

 

 

23,803

 

 

 

23,036

 

Loss per share:

 

 

 

 

 

 

 

 

Basic

 

$

(0.26

)

 

$

(0.02

)

Diluted

 

$

(0.26

)

 

$

(0.02

)

 

The Company calculates dilutive common stock equivalent shares using the treasury stock method. In periods where the Company has a net loss, no dilutive common stock equivalent shares are included in the calculation for diluted shares as they are considered anti-dilutive. The following table sets forth dilutive common stock equivalent shares calculated using the treasury stock method (in thousands):

 

 

 

Three months ended March 31,

 

 

 

2020

 

 

2019

 

Stock options

 

 

589

 

 

 

721

 

Restricted stock units

 

 

261

 

 

 

232

 

Restricted stocks

 

 

451

 

 

 

551

 

Total common stock equivalent shares

 

 

1,301

 

 

 

1,504

 

 

Share-based awards to purchase approximately 0.2 and zero million shares of common stock that had an exercise price in excess of the average market price of the common stock during the three months ended March 31, 2020 and March 31, 2019, respectively, were not included in the calculation of diluted loss per share because they were anti-dilutive..