Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net earnings (loss) 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 2017 and 2016 (dollars in thousands, except share and per share amounts) are as follows:



	For the Year Ended December 31,
	2017			2016
Numerator:
Net income (loss) from continuing operations	$	(11,760	)	$	3,247
Income (loss) from discontinued operations	895			1,966
Net income (loss)	$	(10,865	)	$	5,213
Denominator:
Weighted average common shares outstanding – basic	92,800,392			91,905,941

Weighted average common shares outstanding – diluted:
Weighted average common shares outstanding – basic	92,800,392			91,905,941
Stock options	—			—
Nonvested shares	—			—
Weighted average common shares outstanding – diluted	92,800,392			91,905,941
Basic earnings per share:
Net income (loss) from continuing operations	$	(0.13	)	$	0.04
Income (loss) from discontinued operations	0.01			0.02
Net income (loss)	$	(0.12	)	$	0.06
Diluted earnings per share:
Net income (loss) from continuing operations	$	(0.13	)	$	0.04
Income (loss) from discontinued operations	0.01			0.02
Net income (loss)	$	(0.12	)	$	0.06

The following weighted-average stock options to purchase shares of common stock were outstanding, 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. There were no options granted during 2016 and 2017.



	For the Year Ended December 31,
	2017		2016
Number of stock options	1,411		4,719
Weighted average exercise price of stock options	$	0.89	$	0.68

During 2016, the Company granted 0.1 million nonvested shares to a director and these shares vested in 2016. During 2017, the Company granted 4.3 million shares to directors, officers and other members of management. Substantially all of these shares will vest in 2018, assuming the grantees are employed at the vest date. As of December 31, 2017 and 2016, respectively, the Company had approximately 4.3 million and 0.1 million nonvested shares outstanding. The weighted average impact of 1.1 million and 0.9 million nonvested shares were not included in the calculation of earnings per share for 2017 and 2016, respectively, because they were anti-dilutive.