Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2020

The following table details the computation of basic and diluted earnings (loss) per share:


	Three months ended March 31,
	2020		2019
Numerator:
Net income	$	16,098	$	582
Less dividends on convertible preferred stock	(1,095)		(1,087)
Less income allocated to participating securities	(2,005)		(30)
Net income (loss) available to common stockholders	$	12,998	$	(535)

Continuing operations	$	13,200	$	197
Discontinued operations	(202)		(732)
Net income (loss) available to common stockholders	$	12,998	$	(535)

Denominator:
Denominator for basic earnings per share -- weighted-average shares	12,987,740		12,899,714
Effect of dilutive securities:
Common stock options	11,231		53,614
Restricted Stock	14,020		—
Denominator for diluted earnings per share -- adjusted weighted-average shares assumed conversion	13,012,991		12,953,328

Basic earnings (loss) per share:
Continuing operations	$	1.02	$	0.02
Discontinued operations	(0.02)		(0.06)
Basic earnings (loss) per share	$	1.00	$	(0.04)
Diluted earnings (loss) per share:
Continuing operations	$	1.02	$	0.02
Discontinued operations	(0.02)		(0.06)
Diluted earnings (loss) per share	$	1.00	$	(0.04)

Schedule of Antidilutive Securities

The following weighted-average shares were not included in the computation of diluted earnings per share as the effect of their inclusion would have been anti-dilutive:


	Three months ended March 31,
	2020	2019
Stock options to purchase common stock	648,300	559,829
Convertible preferred stock	798,775	801,606