(LOSS) EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

EARNINGS PER SHARE

PER SHARE

Basic earnings (loss) per share is computed using the weighted average number of shares of common stock outstanding during the period. In periods of earnings, the weighted average number of shares used in the diluted calculation includes common stock equivalents related to stock options and restricted stock. The following table presents the basis of the loss per share computation (in thousands):

	Three Months Ended   March 31,
	2015			2014
Numerator for basic and diluted loss per share:
Loss from continuing operations	$	(1,408	)	$	(671	)
Gain from disposal of discontinued operation, net of tax	—			218
Net loss applicable to common shareholders	$	(1,408	)	$	(453	)
Denominator for basic and diluted loss per share:
Denominator for basic and diluted loss per share — weighted average shares	12,742			12,499

There is no dilutive effect of the restricted stock and stock options for both the three months ended March 31, 2015 and 2014 due to the net loss in these periods. There would have been 126,004 and 99,127 of these shares included in the diluted calculation for the three months ended March 31, 2015 and 2014, respectively, had there been earnings in these periods. Common stock equivalents of certain stock-based awards totaling 16,746 and 51,073 were excluded from the calculation of diluted loss per share for the three months ended March 31, 2015 and 2014, respectively, as they were anti-dilutive.