Basic and Diluted Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2018

Basic and Diluted Earnings (Loss) Per Common Share [Abstract]

Basic and Diluted Earnings (Loss) Per Common Share

3. Basic and Diluted Loss per Common Share

Basic loss per share is based on the weighted average number of outstanding common shares for the period.  Diluted loss per share adjusts the weighted average shares outstanding for the potential dilution that could occur if outstanding vested stock options were exercised.

The number of common shares and common share equivalents used in the determination of basic and diluted loss per share were as follows:

(in thousands, except for share amounts)	Three months ended
	March 31,
	2018		2017
Numerator:
Net loss	$	(1,496)	$	(266)
Denominator:
Weighted-average shares outstanding for basic loss per share		19,514,385		19,094,382
Effect of dilutive securities:
Stock options and restricted stock units		-		-
Adjusted weighted-average shares outstanding and assumed conversions for diluted loss per share		19,514,385		19,094,382
Shares related to dilutive securities excluded because inclusion would be anti-dilutive		763,200		564,833