Net Loss Per Common Share

6 Months Ended

Jun. 30, 2020

Basic net loss per common share is computed using the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is computed using the weighted-average number of common and dilutive common equivalent shares from stock options, restricted stock and warrants using the treasury stock method. For all periods presented with a net loss, the shares underlying the common share options, warrants and restricted stock have been excluded from the calculation because their effect would have been anti-dilutive. Therefore, the weighted average shares outstanding used to calculate both basic and diluted loss per share are the same for periods with a net loss.

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



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Net loss	$	(8,466	)	$	(17,210	)	$	(13,287	)	$	(30,483	)
Denominator for basic earnings per share - weighted average shares	108,119,461			106,942,429			108,081,625			106,885,893
Effect of dilutive securities: Stock options and restricted stock outstanding(a)	1,635,618			1,611,959			2,117,833			1,203,886
Denominator for diluted earnings per share - weighted average shares adjusted for dilutive securities	108,119,461			106,942,429			108,081,625			106,885,893
Loss per common share - basic	$	(0.08	)	$	(0.16	)	$	(0.12	)	$	(0.29	)
Loss per common share - diluted	$	(0.08	)	$	(0.16	)	$	(0.12	)	$	(0.29	)

(a) Securities outstanding that are included in the computation above, utilizing the treasury stock method are as follows:



	Three Months Ended June 30,		Six Months Ended June 30,
	2020	2019	2020	2019
Outstanding Stock Options	562,513	878,134	714,600	792,760
Performance Based Awards	28,626	—	16,559	—
Restricted Stock Awards	1,044,479	733,825	1,386,674	411,126
	1,635,618	1,611,959	2,117,833	1,203,886