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Weighted Average Common Shares (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Summary of Weighted Average Numbers of Common Shares Used to Compute Basic and Diluted Net (Loss) Income Per Share

The weighted average number of common shares used to compute basic and diluted net income (loss) per share for the years ended December 31, 2019, 2018 and 2017 were as follows:

 

For the Year Ended December 31,

 

 

2019

 

 

2018

 

 

2017 (1)

 

Basic common shares outstanding

 

70,088

 

 

 

69,598

 

 

 

68,949

 

Common stock equivalents

 

1,997

 

 

 

1,884

 

 

 

-

 

Diluted common shares outstanding

 

72,085

 

 

 

71,482

 

 

 

68,949

 

_________________

(1)Due to the fact that we reported a loss from continuing operations for the year ended December 31, 2017, potential common stock equivalents were excluded from the diluted common shares outstanding calculation. Per FASB ASC Topic 260 – Earnings per Share, an entity that reports discontinued operations shall use income or loss from continuing operations as the benchmark for calculating diluted common shares outstanding, and as such, we have zero common stock equivalents since these shares would have an anti-dilutive effect on our net loss per share for the year ended December 31, 2017.