Earnings Per Share

Basic income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares outstanding during the period. Diluted income (loss) per share adjusts the basic income (loss) per share for the effects of any potentially dilutive securities in periods in which the Company has net income and such effects are dilutive under the treasury stock method.

Following is a summary of the components of basic and diluted income (loss) per share for the periods presented:



	Three Months Ended December 31,
in thousands, except per share data	2019			2018
Numerator:
Income from continuing operations	$	2,804		$	7,322
Loss from discontinued operations, net of tax	(58		)	(11		)
Net income	$	2,746		$	7,311

Denominator:
Basic weighted-average shares	29,746			31,801
Dilutive effect of restricted stock awards	353			243
Dilutive effect of stock options	39			11
Diluted weighted-average shares ^(a)	30,138			32,055

Basic income per share:
Continuing operations	$	0.09		$	0.23
Discontinued operations	—			—
Total	$	0.09		$	0.23

Diluted income per share:
Continuing operations	$	0.09		$	0.23
Discontinued operations	—			—
Total	$	0.09		$	0.23

^(a) The following potentially dilutive shares were excluded from the calculation of diluted income per share as a result of their anti-dilutive effect.



	Three Months Ended December 31,
in thousands	2019	2018
Stock options	210,509	493
Time-based restricted stock	—	195