14. Income Per Share

The following table presents a reconciliation between basic and diluted earnings per share:



	Three Months Ended
		March 31, 2020		March 31, 2019
Numerator:
(Loss) income from continuing operations before discontinued operations	$	(1,979)	$	968
Loss from discontinued operations (Note 3)		-		(193)
Net (loss) income	$	(1,979)	$	775

Denominator:
Basic – weighted shares outstanding		8,813		8,705
Weighted shares assumed upon exercise of stock awards		-		677
Diluted – weighted shares outstanding		8,813		9,382

Basic (loss) income per share attributable to IntriCon shareholders:
Continuing operations	$	(0.22)	$	0.11
Discontinued operations		-		(0.02)
Net (loss) income per share:	$	(0.22)	$	0.09

Diluted (loss) income per share attributable to IntriCon shareholders:
Continuing operations	$	(0.22)	$	0.10
Discontinued operations		-		(0.02)
Net (loss) income per share:	$	(0.22)	$	0.08

The dilutive impact summarized above relates to the periods when the average market price of Company stock exceeded the exercise price of the potentially dilutive options. Earnings per common share was based on the weighted average number of common shares outstanding during the periods when computing the basic earnings per share. When dilutive, stock options are included as equivalents using the treasury stock method when computing the diluted earnings per share. Shares represented by RSUs are also included in the dilution calculation.

For the three months ended March 31, 2020, weighted average options and RSU’s outstanding of 893 were excluded from the dilutive calculation as their effect would have been antidilutive based on losses in the period. No options or RSUs were excluded from the dilutive calculation for the three months ended March 31, 2019.