Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method. The following table sets forth the computation of basic and diluted loss per share (in thousands, except per share amounts):


	Year Ended February 28,
	2023			2022			2021
Net loss from continuing operations	$	(32,490	)	$	(31,148	)	$	(21,157	)
Net income (loss) from discontinued operations, net of tax		-			3,157			(35,152	)
Net loss	$	(32,490	)	$	(27,991	)	$	(56,309	)

Basic and diluted weighted average number of common shares outstanding		36,132			35,254			34,389

Basic and diluted net income (loss) per common share:
Loss from continuing operations	$	(0.90	)	$	(0.88	)	$	(0.62	)
Income (loss) from discontinued operations		-			0.09			(1.02	)
Net loss	$	(0.90	)	$	(0.79	)	$	(1.64	)

Shares subject to anti-dilutive stock options and restricted stock-based awards were excluded from the computation of diluted earnings per share for the fiscal years presented which included outstanding stock options in the amount of 0.5 million, 0.7 million and 0.8 million as well as restricted stock based awards in the amount of 3.5 million, 2.9 million and 3.1 million for all fiscal years ended February 28, 2023, 2022, and 2021, respectively.

We have the option to pay cash, issue shares of common stock or any combination thereof for the aggregate amount due upon conversion of the convertible senior notes. It is our intent to settle the principal amount of these notes with cash. From the time of the issuance of the notes, the average market price of our common stock has been less than the initial conversion price of the notes, and consequently no shares have been included in diluted earnings per share for the conversion value of the notes.

We adopted ASU 2020-06 on March 1, 2022 under the modified retrospective method and applied the new guidance to our 2025 Convertible Notes outstanding as of that date. We have not changed previously disclosed amounts or provided additional disclosures for comparative periods. ASU 2020-06 requires the if-converted method to be applied for all convertible instruments when calculating diluted earnings per share. Under the if-converted method, diluted earnings per share will be calculated assuming that all the Convertible Notes were converted solely into shares of common stock at the beginning of the reporting period, unless the result would be anti-dilutive. Since we had a net loss for the year ended February 28, 2023, the 2025 Convertible Notes were determined to be anti-dilutive and therefore had no impact to basic or diluted net loss per share as a result of adopting the new pronouncement.