Net (loss) income per share

Earnings per share are calculated in accordance with ASC Topic 260, which specifies the computation, presentation and disclosure requirements for earnings per share (EPS). It requires the presentation of basic and diluted EPS. Basic EPS excludes all dilution and is based upon the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the potential dilution that would occur if convertible securities or other contracts to issue common stock were exercised. For the three months ended March 31, 2019, there were 486,000 anti-dilutive stock options outstanding compared to none as of March 31, 2018.

The following is a reconciliation of the weighted average of shares of common stock outstanding for the basic and diluted EPS computations (in thousands, except per share data):



	Three Months Ended March 31,
	2019			2018
Net (loss) income	$	(2,729	)	$	68

Basic:
Shares outstanding at beginning of period	16,041			15,949
Weighted average shares issued/(repurchased) during the period, net	3			(1		)
Weighted average common shares, basic	16,044			15,948
Net (loss) income per common share, basic	$	(0.17	)	$	—
Diluted:
Weighted average common shares, basic	16,044			15,948
Dilutive impact of stock options and restricted stock awards	—			338
Weighted average common shares, diluted	16,044			16,286
Net (loss) income per common share, diluted	$	(0.17	)	$	—