Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders during the period by the weighted average number of common shares outstanding during that period. Diluted net income (loss) per common share is impacted by equity instruments considered to be potential common shares, if dilutive, computed using the treasury stock or the if-converted method of accounting.

The calculations for basic and diluted net income (loss) per common share are as follows:


	Year Ended December 31,
	2025			2024
Net loss from continuing operations	$	(18,003	)	$	(25,911	)
Net income from discontinued operations, net of tax		—			100,731
Net income (loss)		(18,003	)		74,820
Less: accretion of Series B Preferred Stock dividends		(824	)		(883	)
Net income (loss) available to common stockholders	$	(18,827	)	$	73,937

Weighted average common shares outstanding - basic and diluted		23,782			23,581

Basic and diluted net income (loss) per common share:
Continuing operations	$	(0.79	)	$	(1.14	)
Discontinued operations, net of tax	$	—		$	4.27
Net income (loss) per common share	$	(0.79	)	$	3.14

The following common stock equivalents have been excluded from diluted net income (loss) per share for the fiscal years presented below because their inclusion would have been anti-dilutive (in thousands):


	December 31,
	2025		2024
Shares of common stock subject to outstanding RSUs		792		807
Shares of common stock subject to outstanding PSUs		300		418
Shares of common stock subject to outstanding stock options		—		444
Shares of common stock issuable upon conversion of Series B Preferred Stock		7,074		6,868
Total		8,166		8,537