LOSS PER SHARE

Basic 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,
	2017			2016
Numerator for basic and diluted loss per share:
Net loss applicable to common shareholders	$	(2,048	)	$	(1,245	)

Denominator for basic and diluted loss per share:
Denominator for basic and diluted loss per share — weighted average shares	12,880			12,797

There is no dilutive effect of the restricted stock and stock options for both the three months ended March 31, 2017 and 2016 due to the net loss in these periods. There would have been 33,728 and 100,365 of these shares included in the diluted calculation for the three months ended March 31, 2017 and 2016, respectively, had there been earnings in these periods. No common stock equivalents of stock-based awards are included in the calculation of diluted loss per share for the three months ended March 31, 2017 and 2016 as they were anti-dilutive.