—Earnings Per Share

Basic earnings per share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of Common Stock outstanding during the period. In addition, the shares of Common Stock issuable pursuant to restricted stock awards, restricted stock units and stock options outstanding under the 2019 Plan are included in the diluted earnings per share calculation to the extent they are dilutive. For the nine months ended July 31, 2019 and 2018, 141 and 316 stock awards, respectively, were excluded from the computation of diluted earnings per share because their inclusion would be anti-dilutive. The following is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for net income (loss) per share:



	Three Months Ended July 31,					Nine Months Ended July 31,
	2019			2018		2019			2018
Net income (loss) available to common stockholders	$	(2,709	)	$	11,052	$	(6,295	)	$	19,935
Basic weighted average shares	23,557			23,278		23,486			23,202
Effect of dilutive securities:
Restricted stock, units and stock options (1)	—			175		—			139
Diluted weighted average shares	23,557			23,453		23,486			23,341
Basic income (loss) per share	$	(0.11	)	$	0.47	$	(0.27	)	$	0.86
Diluted income (loss) per share	$	(0.11	)	$	0.47	$	(0.27	)	$	0.85

(1) Due to a loss for the three and nine months ended July 31, 2019, no restricted stock, restricted stock units or stock options are included because the effect would be anti-dilutive.