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Net (Loss) Income Per Share
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share
Net (Loss) Income Per Share
The number of shares used to calculate basic net (loss) income per common share is based on the weighted average number of the Company’s outstanding common shares during the respective period. The number of shares used to calculate diluted net (loss) income per common share is based on the number of common shares used to calculate basic net (loss) income per share plus the dilutive effect of stock options and other stock-based instruments held by the Company’s employees and directors during the period, and the Company’s outstanding Series A warrants. The warrants become dilutive for net (loss) income per common share calculations when the market price of the Company’s common stock exceeds the exercise price. For the three months ended March 31, 2019, 117,689 stock options and 161,707 restricted stock units were excluded, respectively, from the computation of dilutive net (loss) income per share because they would have been anti-dilutive. These potential shares could dilute net (loss) income per share in the future. In periods of net loss, the number of shares used to calculate diluted earnings per share is the same as basic earnings per share.

The following table presents the net (loss) income per common share for the three months ended March 31, 2020 and 2019:
 
Three Months Ended March 31,
 
2020
 
2019
Net (loss) income
 
 
 
(Loss) income from continuing operations
$
(39,808
)
 
$
7,990

Loss from discontinued operations
—

 
(1,175
)
Net (loss) income
$
(39,808
)
 
$
6,815

 
 
 
 
Basic
 
 
 
Weighted average common shares outstanding - basic
18,245,911

 
18,894,315

 
 
 
 
   Basic (loss) income per common share:
 
 
 
  (Loss) income from continuing operations
$
(2.18
)
 
$
0.42

Loss from discontinued operations
—

 
(0.06
)
  Net (loss) income
$
(2.18
)
 
$
0.36

 
 
 
 
Diluted
 
 
 
Weighted average common shares outstanding - basic
18,245,911

 
18,894,315

Diluted effect of warrants
—

 
216,043

Diluted effect of stock options
—

 
205,634

Diluted effect of restricted share units, restricted stock shares and performance-based restricted share units
—

 
222,637

Weighted average common shares outstanding - diluted
18,245,911

 
19,538,629

 
 
 
 
   Diluted (loss) income per common share:
 
 
 
   (Loss) income from continuing operations
$
(2.18
)
 
$
0.41

Loss from discontinued operations
—

 
(0.06
)
   Net (loss) income
$
(2.18
)
 
$
0.35