Basic income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted income (loss) per share assumes the issuance of potentially dilutive shares of common stock during the period. The following table reconciles the numerators and denominators of the basic and diluted income (loss) per share computations:

 

		Three Months Ended September 30								Nine Months Ended September 30
Numerator:		2019				2018				2019				2018
Net income (loss) (in thousands)		$	1,135			$	(519	)		$	556			$	(820	)
Denominator:
Weighted average common shares outstanding:
Basic			19,781,527				20,672,688				19,690,737				22,043,213
Dilutive effect of non-vested awards			897,904				-				813,196				-
Diluted			20,679,431				20,672,688				20,503,933				22,043,213
Net income (loss) per share:
Basic		$	0.06			$	(0.03	)		$	0.03			$	(0.04	)
Diluted		$	0.05			$	(0.03	)		$	0.03			$	(0.04	)

 

For the and months ended million and less than million, respectively, of stock options with an exercise price above the current average market value of the Company’s common stock were included in the calculation because they would have an anti-dilutive effect. For the and months ended all options were anti-dilutive due to the Company’s net losses for those periods and therefore included in the calculation.