| Net Earnings (Loss) per Common Share |
13. Net Earnings (Loss) per Common Share
Basic net earnings per share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Details of the calculations are as follows:
|
|
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
|
|
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
|
Net income (loss) from continuing operations |
|
$ |
(1,101 |
) |
|
$ |
(1,447 |
) |
|
$ |
3,492 |
|
|
$ |
(10,892 |
) |
|
Loss from operations of discontinued operations,
net of income taxes |
|
|
— |
|
|
|
(124 |
) |
|
|
— |
|
|
|
(832 |
) |
|
Net income (loss) |
|
$ |
(1,101 |
) |
|
$ |
(1,571 |
) |
|
$ |
3,492 |
|
|
$ |
(11,724 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations |
|
$ |
(0.06 |
) |
|
$ |
(0.07 |
) |
|
$ |
0.18 |
|
|
$ |
(0.55 |
) |
|
Loss from discontinued operations |
|
$ |
— |
|
|
$ |
(0.01 |
) |
|
$ |
— |
|
|
$ |
(0.04 |
) |
|
Net income (loss) |
|
$ |
(0.06 |
) |
|
$ |
(0.08 |
) |
|
$ |
0.18 |
|
|
$ |
(0.59 |
) |
|
Diluted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations |
|
$ |
(0.06 |
) |
|
$ |
(0.07 |
) |
|
$ |
0.17 |
|
|
$ |
(0.55 |
) |
|
Loss from discontinued operations |
|
$ |
— |
|
|
$ |
(0.01 |
) |
|
$ |
— |
|
|
$ |
(0.04 |
) |
|
Net income (loss) |
|
$ |
(0.06 |
) |
|
$ |
(0.08 |
) |
|
$ |
0.17 |
|
|
$ |
(0.59 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
19,917,276 |
|
|
|
19,778,225 |
|
|
|
19,888,319 |
|
|
|
19,758,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
19,917,276 |
|
|
|
19,778,225 |
|
|
|
19,888,319 |
|
|
|
19,758,241 |
|
|
Dilutive effect of restricted stock units and stock options |
|
|
— |
|
|
|
— |
|
|
|
82,362 |
|
|
|
— |
|
|
Basic and Dilutive |
|
|
19,917,276 |
|
|
|
19,778,225 |
|
|
|
19,970,681 |
|
|
|
19,758,241 |
|
Potential shares of common stock relating to stock options and restricted stock units excluded from the earnings per share calculation because their effect would be anti-dilutive were 274,595 and 1,906,735 for the three months ended September 30, 2021 and September 30, 2020, respectively, and 280,200 and 1,907,484 for the nine months ended September 30, 2021 and September 30, 2020, respectively.
|
|
|
As of September 30, |
|
|
|
|
2021 |
|
|
2020 |
|
|
Unvested restricted stock units |
|
|
265,125 |
|
|
|
260,970 |
|
|
Options to purchase common stock |
|
|
97,437 |
|
|
|
97,437 |
|
|
Convertible subordinated notes |
|
|
— |
|
|
|
1,549,451 |
|
|
|
|
|
362,562 |
|
|
|
1,907,858 |
|
|