Earnings Per Share

9 Months Ended

Sep. 30, 2020

The following table sets forth the components of diluted earnings (loss) per share (in thousands, except share and per share amounts):


	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Numerator
Continuing operations:
Net loss from continuing operations	$	(3,089)	$	(5,467)	$	(18,955)	$	(6,859)
Amortization of preferred stock issuance costs	—		(52)		(42)		(155)
Numerator for basic and diluted EPS from continuing operations – net loss from continuing operations attributable to common stockholders	$	(3,089)	$	(5,519)	$	(18,997)	$	(7,014)

Discontinued operations:
Numerator for basic and diluted EPS from discontinued operations - net gain from discontinued operations	$	14,843	$	1,944	$	19,117	$	5,785

Total:
Net income (loss)	$	11,754	$	(3,523)	$	162	$	(1,074)
Amortization of preferred stock issuance costs	—		(52)		(42)		(155)
Numerator for basic and diluted EPS – net income (loss) attributable to common stockholders	$	11,754	$	(3,575)	$	120	$	(1,229)



Denominator
Weighted average common stock outstanding – basic	1,632,117		1,590,739		1,625,727		1,587,448



Weighted average common stock outstanding – diluted	1,632,117		1,590,739		1,625,727		1,587,448

Earnings (loss) per share - basic
Continuing operations – basic	$	(1.89)	$	(3.47)	$	(11.69)	$	(4.42)
Discontinued operations – basic	9.09		1.22		11.76		3.65
Earnings (loss) per basic common share	$	7.20	$	(2.25)	$	0.07	$	(0.77)

Earnings (loss) per share - diluted
Continuing operations – diluted	$	(1.89)	$	(3.47)	$	(11.69)	$	(4.42)
Discontinued operations – diluted	9.09		1.22		11.76		3.65
Earnings (loss) per diluted common share	$	7.20	$	(2.25)	$	0.07	$	(0.77)

We excluded the items presented below from the calculation of diluted earnings per share as they were antidilutive to loss per share from continuing operations for the periods indicated ($ in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Numerator
Reversal of amortization of preferred stock issuance costs	$	—	$	52	$	42	$	155

Denominator
Stock options	5,403		11,527		8,167		13,087
Restricted stock	76,160		13,926		58,565		25,056
Preferred stock, if converted	200,000		200,000		200,000		200,000