Income (Loss) Per Common Share

6 Months Ended

Jun. 30, 2019

Income (Loss) Per Common Share [Abstract]

Income (Loss) Per Common Share

12. Income (Loss) Per Common Share 

The following table sets forth the computation of basic and diluted income (loss) per common share (in thousands, except per share data): 

	Three Months Ended				Six Months Ended
	June 30,				June 30,
Basic income (loss) per common share	2019		2018		2019		2018
Net income (loss)	$	2,832	$	226	$	2,535	$	(3,629)
Net (income) loss allocated to participating securities		(19)		(2)		(18)		31
Net income (loss) allocated to common shareholders	$	2,813	$	224	$	2,517	$	(3,598)
Basic weighted-average common shares outstanding		37,156		36,318		36,968		36,233
Basic income (loss) per common share	$	0.08	$	0.01	$	0.07	$	(0.10)
	Three Months Ended				Six Months Ended
	June 30,				June 30,
Diluted income (loss) per common share	2019		2018		2019		2018
Net income (loss)	$	2,832	$	226	$	2,535	$	(3,629)
Net (income) loss allocated to participating securities		(18)		(2)		(18)		31
Net income (loss) allocated to common shareholders	$	2,814	$	224	$	2,517	$	(3,598)
Basic weighted-average common shares outstanding		37,156		36,318		36,968		36,233
Effect of dilutive stock options and awards		682		931		821		--
Diluted weighted-average common shares outstanding		37,838		37,249		37,789		36,233
Diluted income (loss) per common share	$	0.07	$	0.01	$	0.07	$	(0.10)

We excluded stock options from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to loss per common share. Accordingly, for the three and six months ended June 30, 2019 stock options to purchase a weighted-average of 158,000 and 105,000 shares, respectively, were antidilutive and excluded from the calculation of diluted weighted-average common shares outstanding. For the three months ended June 30,

2018 stock options to purchase a weighted-average of 219,000 shares were antidilutive and excluded from the calculation of diluted weighted-average common shares outstanding. For the six months ended June 30, 2018 all stock options and awards were excluded from the calculation of diluted weighted-average common shares outstanding as these would be antidilutive due to the net loss.