Three Months Ended

Nine Months Ended

September 30,

2019

2018

2019

2018

Numerator:

(in thousands, except per share amounts)

Net (loss) income

$

(1,373)

$

3,300

$

129

$

6,879

Denominator:

Denominator for basic earnings per share – weighted average shares

8,564

8,223

8,509

8,170

Effect of dilutive securities:

Employee restricted stock and incentive stock options

—

17

13

23

Denominator for diluted earnings per share – adjusted weighted average shares and assumed conversion

8,564

8,240

8,522

8,193

Basic (loss) earnings per share

$

(0.16)

$

0.40

$

0.02

$

0.84

Diluted (loss) earnings per share

$

(0.16)

$

0.40

$

0.02

$

0.84

Weighted average anti-dilutive employee restricted stock and incentive stock options

509

106

421

72