EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2015

Basic earnings (loss) per share is computed using the weighted average number of shares of common stock outstanding during the period. In periods of earnings, the weighted average number of shares used in the diluted calculation includes common stock equivalents related to stock options and restricted stock. The following table presents the basis of the earnings per share computation (in thousands):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Numerator for basic and diluted loss per share:
Loss from continuing operations	$	(327	)	$	(7,578	)	$	(149	)	$	(6,900	)
Gain from disposal of discontinued operation, net of tax	—			—			—			218
Net loss applicable to common shareholders	$	(327	)	$	(7,578	)	$	(149	)	$	(6,682	)

Denominator:
Denominator for basic and diluted loss per share — weighted average shares	12,793			12,715			12,770			12,643

There is no dilutive effect of the restricted stock and stock options for the three and nine months ended September 30, 2015 and 2014 due to the net losses in those periods. There would have been 85,723 and 97,539 shares included in the diluted earnings per share calculation for the three and nine months ended September 30, 2015, respectively, and 108,701 and 103,998 shares included in the diluted earnings per share calculation for the three and nine months ended September 30, 2014, respectively, had the impact of including these securities not been anti-dilutive. Common stock equivalents of certain stock-based awards totaling 10,877 and 36,516 were excluded from the calculation of diluted earnings per share for the three months ended September 30, 2015 and 2014, respectively, as they were anti-dilutive. Common stock equivalents of certain stock-based awards totaling 19,989 and 44,208 were excluded from the calculation of diluted earnings per share for the nine months ended September 30, 2015 and 2014, respectively, as they were anti-dilutive.