The following table presents the basis of the earnings (loss) per share computation (in thousands): | | | | | | | | | | | | | | Year Ended December 31, | | 2015 | | 2014 | | 2013 | Numerator for basic and diluted earnings (loss) per share: | | | | | | Income (loss) from continuing operations | $ | 2,610 |
| | $ | (2,358 | ) | | $ | 4,395 |
| Gain from disposal of discontinued operation, net of tax | — |
| | 218 |
| | 4,890 |
| Income from discontinued operations, net of tax | — |
| | — |
| | 642 |
| Net Income (loss) applicable to common shareholders | $ | 2,610 |
| | $ | (2,140 | ) | | $ | 9,927 |
| | | | | | | Denominator: | | | | | | Denominator for basic earnings (loss) per share — weighted average shares | 12,776 |
| | 12,661 |
| | 11,801 |
| Assumed exercise of stock options | 21 |
| | — |
| | 28 |
| Assumed satisfaction of restricted stock conditions | 75 |
| | — |
| | 62 |
| Denominator for diluted earnings (loss) per share — adjusted weighted average shares | 12,872 |
| | 12,661 |
| | 11,891 |
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