Earnings Per Share

Basic earnings per share is computed by dividing net earnings available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share include the effect of conversions of stock options and nonvested shares. The computations of basic and diluted earnings per share for 2015 and 2014 (dollars in thousands, except share and per share amounts) are as follows:



	For the Year Ended December 31,
	2015			2014
Numerator:
Net loss from continuing operations	$	(2,765	)	$	(1,906	)
(Loss) Income from discontinued operations	(25,964		)	32,845
Net (loss) income	$	(28,729	)	$	30,939

Denominator:
Weighted average common shares outstanding – basic	91,138,068			90,926,211

Weighted average common shares outstanding – diluted:
Weighted average common shares outstanding – basic	91,138,068			90,926,211
Stock options	—			—
Nonvested shares	—			—
Weighted average common shares outstanding – diluted	91,138,068			90,926,211

Basic earnings per share:
Net loss from continuing operations	$	(0.03	)	$	(0.02	)
(Loss) Income from discontinued operations	(0.29		)	0.36
Net (loss) income	$	(0.32	)	$	0.34

Diluted earnings per share:
Net loss from continuing operations	$	(0.03	)	$	(0.02	)
(Loss) Income from discontinued operations	(0.29		)	0.36
Net (loss) income	$	(0.32	)	$	0.34

The following weighted-average stock options to purchase shares of Common Stock were outstanding during each period presented, but were not included in the computation of diluted earnings (loss) per share because the number of shares assumed to be repurchased, as calculated was greater than the number of shares to be obtained upon exercise, therefore, the effect would be antidilutive (in thousands, except exercise prices):



	For the Year Ended December 31,
	2015		2014
Number of stock options	10,549		9,859
Weighted average exercise price of stock options	$	0.62	$	0.66

During 2015, the Company granted approximately 1.4 million options to purchase shares of common stock at a weighted average exercise price of $0.51. The weighted average impact of approximately 0.7 million of the options granted during 2015 is included in the table above for 2015.

During 2014, the Company granted 3.7 million options to purchase shares of common stock at a weighted average exercise price of $0.51. The weighted average impact of approximately 1.6 million of the options granted during 2014 is included in the table above for 2014.

During 2015 the Company granted approximately 1.3 million nonvested shares to its non-employee directors. These shares vest one year from the date of grant. The weighted average impact of approximately 0.5 million of the nonvested shares granted during the current year were not included in the calculation of earnings per share for 2015, because they were anti-dilutive.

As of December 31, 2015 and 2014, respectively, the Company had approximately 1.4 million and 0.5 million nonvested shares outstanding. While the nonvested shares granted during 2015 vest one year from the date of grant, the nonvested shares granted in prior years vest ratably over their original term of six years. The weighted average impact of approximately 0.8 million and 0.6 million nonvested shares were not included in the calculation of earnings per share for 2015 and 2014, respectively, because they were anti-dilutive.