Basic and Diluted Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share, Basic and Diluted [Abstract]

Basic and Diluted Net Income (Loss) Per Share

Basic and Diluted Net Income (Loss) Per Share

For the three months ended March 31, 2020 and 2019, basic net income (loss) per common share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted net income per common share is calculated to give effect to all dilutive securities, if applicable, using the treasury stock method. In periods for which there is a net loss, diluted loss per common share is equal to basic loss per common share, since the effect of including any common stock equivalents would be antidilutive.

The following table sets forth the reconciliation of shares used to compute basic and diluted net (loss) income per share for the periods indicated (in thousands):

	Three Months Ended March 31,
	2020		2019
Numerator:
Net loss	$	(2,953)	$	(1,657)
Deemed dividend on Series A redeemable preferred stock	(484)		—
Net loss attributable to common shareholders	$	(3,437)	$	(1,657)
Denominator:
Weighted average shares outstanding - basic	2,055		2,028
Dilutive potential common shares:
Stock options	—		—
Restricted stock units	—		—
Weighted average shares outstanding - diluted	2,055		2,028
Net loss per common share - basic and diluted
Net loss per share, continuing operations	$	(1.44)	$	(0.82)
Preferred dividends per share	(0.23)		—
Net loss per common share—basic and diluted	$	(1.67)	$	(0.82)

The computation of diluted earnings per share excludes stock options and stock units that are anti-dilutive. The following common stock equivalents were anti-dilutive (in thousands):

	Three Months Ended March 31,
	2020	2019
Stock options	54	56
Restricted stock units	13	24
Total	67	80