EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE S – EARNINGS PER SHARE

 

Basic (loss) earnings per common share available to common shareholders is based on the weighted-average number of common shares outstanding excluding the dilutive impact of common stock equivalents. We compute diluted net (loss) earnings per share on the weighted-average number of common shares outstanding and dilutive potential common shares, such as dilutive outstanding equity-based compensation.

 

The numerator in calculating both basic and diluted (loss) income per common share for each period is the same as net (loss) income. The denominator is based on the number of common shares as shown in the following table (in thousands, except per share data):

 

  Years Ended December 31, 
  2016  2015  2014 
(Loss) income from continuing operations $(24,320) $(19,157) $2,236 
Loss from discontinued operations  -   -   (492)
Net (loss) income $(24,320) $(19,157) $1,744 
Common Shares:            
Weighted average common shares outstanding  19,493   19,117   18,922 
Dilutive effect of common stock equivalents  -   -   346 
Total  19,493   19,117   19,268 
             
Basic (loss) earnings per share:            
(Loss) income from continuing operations $(1.25) $(1.00) $0.12 
Loss from discontinued operations  -   -   (0.03)
Net (loss) income $(1.25) $(1.00) $0.09 
             
Diluted (loss) earnings per share:            
(Loss) income from continuing operations $(1.25) $(1.00) $0.12 
Loss from discontinued operations  -   -   (0.03)
Net (loss) income $(1.25) $(1.00) $0.09 

 

As of December 31, 2016, 2015 and 2014, 1.5 million, 1.5 million and 0.8 million, respectively of stock options, SARs and warrants were excluded from the computation of diluted earnings per share as their effect was anti-dilutive.