Net income per share

Earnings per share are calculated in accordance with ASC Topic 260, which specifies the computation, presentation and disclosure requirements for earnings per share (EPS). It requires the presentation of basic and diluted EPS. Basic EPS excludes all dilution and is based upon the weighted average number of shares of common stock outstanding during the period. Diluted EPS reflects the potential dilution that would occur if convertible securities or other contracts to issue common stock were exercised. For the three months ended March 31, 2018 and March 31, 2017, there were no anti-dilutive stock options outstanding.

The following is a reconciliation of the weighted average of shares of common stock outstanding for the basic and diluted EPS computations (in thousands, except per share data):



	Three Months Ended March 31,
	2018			2017
Net income from continuing operations	$	68		$	1,264

Basic:
Shares outstanding at beginning of period	15,949			15,771
Weighted average shares (repurchased)/issued during the period, net	(1		)	10
Weighted average common shares, basic	15,948			15,781
Net income from continuing operations per common share, basic	$ 0.00			$	0.08
Diluted:
Weighted average common shares, basic	15,948			15,781
Dilutive impact of stock options and restricted stock awards	338			197
Weighted average common shares, diluted	16,286			15,978
Net income from continuing operations per common share, diluted	$ 0.00			$	0.08