(14) Earnings Per Share

Basic net (loss) income per share is computed based on the weighted average number of shares of common stock outstanding during each period. Diluted earnings per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. However, potential common equivalent shares are excluded if their effect is anti-dilutive.

The following table sets forth the reconciliation of basic and diluted net income per share for the three months ended March 31, 2020 and 2019 (in thousands, except per share data):




	Three Months Ended March 31,
	2020		2019
Numerator
Net (loss) income attributable to CAI common stockholders	$	(3,537)	$	16,367
Denominator
Weighted-average shares used in per share computation - basic		17,433		18,555
Effect of dilutive securities:
Stock options and restricted stock		-		315
Weighted-average shares used in per share computation - diluted		17,433		18,870

Net (loss) income per share attributable to CAI
common stockholders:
Basic	$	(0.20)	$	0.88
Diluted	$	(0.20)	$	0.87

Certain options, restricted stock and restricted stock units issued under employee benefits plans are excluded from the computation of diluted earnings per share because they were anti-dilutive. At March 31, 2020, all outstanding options, restricted stock and restricted stock units were excluded. At March 31, 2019, 128,969 shares of stock options, restricted stock and restricted stock units were excluded.