Note 5 - Loss Per Share

9 Months Ended

Sep. 30, 2016

NOTE 5—LOSS PER SHARE

The calculation of basic and diluted net loss per share for the periods presented is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Basic and diluted net loss per share
Numerator:
Net loss from continuing operations	$	(3,678	)	$	(5,751	)	$	(11,638	)	$	(11,670	)
Net earnings from discontinued operations		—			4,036			—			4,036
Net loss	$	(3,678	)	$	(1,715	)	$	(11,638	)	$	(7,634	)
Denominator:
Weighted–average shares outstanding		18,517,983			18,119,567			18,350,438			18,085,609
Add:
Dilutive effect of stock options		—			—			—			—
Dilutive effect of restricted common stock		—			—			—			—
Weighted–average shares outstanding with dilution		18,517,983			18,119,567			18,350,438			18,085,609

Net (loss) earnings per share:
Basic from continuing operations	$	(0.20	)	$	(0.32	)	$	(0.63	)	$	(0.65	)
Basic from discontinued operations		—			0.22			—			0.23
Basic	$	(0.20	)	$	(0.10	)	$	(0.63	)	$	(0.42	)

Diluted from continuing operations	$	(0.20	)	$	(0.32	)	$	(0.63	)	$	(0.65	)
Diluted from discontinued operations		—			0.22			—			0.23
Diluted	$	(0.20	)	$	(0.10	)	$	(0.63	)	$	(0.42	)

Due to the loss from continuing operations for the three months ended September 30, 2016 and 2015, the computation of dilutive weighted-average common shares outstanding does not include any stock options or any shares of unvested restricted common stock as these potential awards do not share in any loss generated by the Company and are anti-dilutive.

Due to the loss from continuing operations for the nine months ended September 30, 2016 and 2015, the computation of dilutive weighted-average common shares outstanding does not include any stock options or any shares of unvested restricted common stock as these potential awards do not share in any loss generated by the Company and are anti-dilutive.

Because the effect would be anti-dilutive, there were 56 and 23 shares of common stock issuable upon the exercise of options issued under the STR Holdings, Inc. 2010 Employee Stock Purchase Plan (“ESPP”) that were not included in the computation of diluted weighted-average shares outstanding for both the three and nine months ended September 30, 2015, respectively. The Company terminated the ESPP as of October 1, 2015.

Because the effect would be anti-dilutive, there were 1,121,332 stock options outstanding that were not included in the computation of diluted weighted-average shares outstanding for both the three and nine months ended September 30, 2016, respectively. Similarly, there were 1,754,665 stock options outstanding that were not included in the computation of diluted weighted-average shares outstanding for both the three and nine months ended September 30, 2015, respectively.