Earnings Per Common Share

12 Months Ended

Dec. 31, 2020

(Share amounts in thousands)

The following table sets forth the computation of basic and diluted earnings (loss) per common share for the years ended December 31, 2020, 2019, and 2018:


	Year Ended December 31,
	2020		2019		2018
Numerator for basic and diluted earnings (loss) per common share:
Income (loss) from continuing operations	$	25,823	$	47,974	$	(30,586)
Loss from discontinued operations	(18,241)		(5,406)		(582)
Net income (loss)	$	7,582	$	42,568	$	(31,168)
Denominator:
Weighted average shares outstanding	10,540		10,410		10,362
Denominator for basic earnings per common share	10,540		10,410		10,362
Effect of dilutive securities:
Stock compensation plans	131		234		—
Dilutive potential common shares	131		234		—
Denominator for diluted earnings per common share - adjusted weighted average shares outstanding and assumed conversions	10,671		10,644		10,362
Basic earnings (loss) from continuing operations per common share	$	2.45	$	4.61	$	(2.95)
Basic loss from discontinued operations per common share	(1.73)		(0.52)		(0.06)
Basic earnings (loss) per common share	$	0.72	$	4.09	$	(3.01)
Diluted earnings (loss) from continuing operations per common share	$	2.42	$	4.51	$	(2.95)
Diluted loss from discontinued operations per common share	(1.71)		(0.51)		(0.06)
Diluted earnings (loss) per common share	$	0.71	$	4.00	$	(3.01)

For the year ended December 31, 2018, there were 117 anti-dilutive shares that were excluded from the above calculation.