Earnings Per Common Share

12 Months Ended

Dec. 31, 2014

Basic and diluted earnings (loss) per common share from continuing operations:

Earnings Per Common Share

12. Earnings Per Common Share

Basic earnings per share (“EPS”) excludes dilution. Diluted EPS reflects the potential dilution that could occur under the treasury stock method if stock options and other commitments to issue common stock were exercised, except in loss periods where the effect would be antidilutive. Potential common shares of approximately 562,000, 657,000 and 1,775,000 for the years ended December 31, 2014, 2013 and 2012 have been excluded from the calculation of diluted EPS because the effect of their inclusion would be antidilutive.

The reconciliation of the amounts used in the basic and diluted EPS computation was as follows for income from continuing operations (in thousands, except per share amounts):

	Income From  Continuing  Operations		Weighted Average  Number of  Common Shares  Outstanding	Per Share Amounts
Year Ended December 31, 2014:
Basic EPS
Income from continuing operations	$	7,035	12,251	$	0.57
Effect of dilutive securities
Dilutive effect of stock-based awards	—		630
Diluted EPS
Adjusted income from continuing operations	$	7,035	12,881	$	0.55
Year Ended December 31, 2013:
Basic EPS
Income from continuing operations	$	8,645	11,583	$	0.75
Effect of dilutive securities
Dilutive effect of stock-based awards	—		340
Diluted EPS
Adjusted income from continuing operations	$	8,645	11,923	$	0.73
Year Ended December 31, 2012:
Basic EPS
Income from continuing operations	$	5,693	11,989	$	0.47
Effect of dilutive securities
Dilutive effect of stock-based awards	—		171
Diluted EPS
Adjusted income from continuing operations	$	5,693	12,160	$	0.47