Net Earnings (Loss) per Common Share

9 Months Ended

Sep. 30, 2021

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