Earnings Per Common Share

9 Months Ended

Sep. 30, 2022

(Share amounts in thousands)

The following table sets forth the computation of basic and diluted earnings per common share for the periods indicated:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator for basic and diluted (loss) earnings per common share:
Net (loss) income from continuing operations	$	(2,105)	$	2,240	$	(1,715)	$	3,824
Income from discontinued operations	—		72		—		72
Net (loss) income	$	(2,105)	$	2,312	$	(1,715)	$	3,896
Denominator:
Weighted average shares outstanding	10,731		10,642		10,710		10,615
Denominator for basic loss per common share	10,731		10,642		10,710		10,615
Effect of dilutive securities:
Stock compensation plans	—		122		—		129
Dilutive potential common shares	—		122		—		129
Denominator for diluted (loss) income per common share - adjusted weighted average shares outstanding	10,731		10,764		10,710		10,744
Continuing operations	$	(0.20)	$	0.21	$	(0.16)	$	0.36
Discontinued operations	—		0.01		—		0.01
Basic (loss) earnings per common share	$	(0.20)	$	0.22	$	(0.16)	$	0.37
Continuing operations	$	(0.20)	$	0.21	$	(0.16)	$	0.36
Discontinued operations	—		0.01		—		0.01
Diluted (loss) earnings per common share	$	(0.20)	$	0.22	$	(0.16)	$	0.37

There were 109 and 108 anti-dilutive shares for the three and nine months ended September 30, 2022, respectively, excluded from the calculation.