EARNINGS PER SHARE
|6 Months Ended|
Jun. 30, 2018
|EARNINGS PER SHARE|
|EARNINGS PER SHARE||
NOTE 6—EARNINGS (LOSS) PER SHARE
As of June 30, 2018, the Company’s 18,486,758 shares outstanding included 193,589 shares of contingently issued but unvested restricted stock. As of June 30, 2017, the Company’s 17,587,751 shares outstanding included 19,362 shares of contingently issued but unvested restricted stock. Restricted stock is excluded from the calculation of basic weighted average shares outstanding, but its impact, if dilutive, is included in the calculation of diluted weighted average shares outstanding.
Basic earnings (loss) per common share are calculated by dividing net income (loss) by the weighted average common shares outstanding during the period. Diluted earnings (loss) per common share are based on the weighted average common shares outstanding during the period, adjusted for the potential dilutive effect of common shares that would be issued upon the vesting and release of restricted stock awards and units.
Basic and diluted loss per common share from continuing operations were calculated as follows:
The weighted average number of shares outstanding used in the computation of basic and diluted loss per common share does not include the effect of the following potential outstanding common stock. The effects of these potentially outstanding shares were not included in the calculation of diluted loss per common share because the effect would have been anti-dilutive.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef