Stockholders’ Equity and Earnings (Loss) per Share

As of September 30, 2018, we had a total of 38,252,765 shares of common stock, $0.01 par value, outstanding. We also had 344,682 shares held as treasury stock. Total authorized common stock is 100,000,000 shares.

Basic earnings (loss) per common share (“EPS”) are computed by dividing income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. A reconciliation of the numerators and denominators of the basic and diluted losses per share computations is as follows:



	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, except per share data)	2018			2017			2018			2017
Net loss (numerator):	$	(3,937	)	$	(5,980	)	$	(11,396	)	$	(18,553	)
Loss per share:
Basic and diluted	$	(0.10	)	$	(0.16	)	$	(0.30	)	$	(0.49	)
Shares (denominator):
Weighted average common shares outstanding - basic	38,253			37,839			38,210			37,688
Weighted average common shares outstanding - diluted	38,253			37,839			38,210			37,688

For all periods presented, the computation of diluted loss per share excludes the effect of certain outstanding stock options and RSUs because their inclusion would be anti-dilutive. The number of options that were excluded from diluted loss per share were 682,950 during the three and nine months ended September 30, 2018 and 2017. RSUs, which are not participating securities and are excluded from our basic and diluted loss per share because they are anti-dilutive, were 1,226,173 for the three and nine months ended September 30, 2018 and 1,038,707 for the three and nine months ended September 30, 2017.