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Earnings (Loss) Per Common Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) Per Common Share
Earnings (Loss) Per Common Share
The following tables set forth the computations of basic and diluted earnings (loss) per common share for the three and six months ended June 30, 2016 and 2015 (in thousands, except per share data):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
Basic earnings (loss) per common share:
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
 
Net earnings (loss) from continuing operations:
 
$
(33
)
 
$
1,824

 
$
(98
)
 
$
(432
)
Net earnings (loss) from discontinued operations:
 
$
(559
)
 
$
(727
)
 
$
(1,046
)
 
$
(1,429
)
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
Weighted-average basic common shares outstanding:
 
21,969

 
26,497

 
22,202

 
26,446

Effect of dilutive securities from stock-based compensation plans
 
—

 
56

 
—

 
—

Weighted-average diluted common shares outstanding:
 
$
21,969

 
$
26,553

 
$
22,202

 
$
26,446

 
 
 
 
 
 
 
 
 
Basic earnings (loss) per common share from continuing operations:
 
$
—


$
0.07


$
—


$
(0.02
)
Basic earnings (loss) per common share from discontinued operations:
 
$
(0.03
)

$
(0.03
)

$
(0.05
)

$
(0.05
)
Total basic earnings (loss) per common share
 
$
(0.03
)
 
$
0.04

 
$
(0.05
)
 
$
(0.07
)
 
 
 
 
 
 
 
 
 
Diluted earnings (loss) per common share from continuing operations:
 
$
—

 
$
0.07

 
$
—

 
$
(0.02
)
Diluted earnings (loss) per common share from discontinued operations:
 
$
(0.03
)
 
$
(0.03
)
 
$
(0.05
)
 
$
(0.05
)
Total diluted earnings (loss) per common share
 
$
(0.03
)
 
$
0.04

 
$
(0.05
)
 
$
(0.07
)
For those periods presented that generated a net loss, basic and diluted net loss per share is the same, as any additional common stock and equivalents would be anti-dilutive. For the three and six months ended June 30, 2016, weighted-average common shares outstanding excludes from the computation of diluted earnings (loss) per common share anti-dilutive shares underlying options that totaled 3.4 million shares. In addition, we excluded 2.7 million of restricted stock units from the calculation of weighted-average diluted common shares outstanding for the three and six months ended June 30, 2016 which would have been anti-dilutive due to the net loss. For the three and six months ended June 30, 2015, weighted-average common shares outstanding excludes from the computation of diluted earnings (loss) per common share anti-dilutive shares underlying options that totaled 3.5 million shares.
We repurchased 218,005 shares of our common stock during the three months ended June 30, 2016 for $1.0 million, and 881,546 shares of our common stock during the six months ended June 30, 2016 for $3.6 million. We repurchased 1,046,828 shares of our common stock during the three months ended June 30, 2015 for $4.9 million, and 2,176,760 shares of our common stock during the six months ended June 30, 2015 for $10.3 million.
Pursuant to exercises of stock options, we issued no shares of our common stock in the three months ended June 30, 2016 and 46,896 shares of our common stock having a value of approximately $0.1 million in the six months ended June 30, 2016. In connection with the exercise of stock options, we issued no shares of our common stock in the three months ended June 30, 2015 and 12,863 shares of our common stock having a value of less than $0.1 million in the six months ended June 30, 2015.