Quarterly report pursuant to Section 13 or 15(d)

(Loss) Earnings Per Share

v2.4.1.9
(Loss) Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
(Loss) Earnings Per Share

7. (Loss) Earnings Per Share

Basic (loss) income per share is computed by dividing net (loss) income by the weighted average number of common shares outstanding during the period. Diluted (loss) income 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 (loss) income per share computations:

 

     Three Months Ended
March 31 		 
     2015      2014  

Numerator:

      

Net (loss) income (in thousands)

    $ (415 )     $ 583   

Denominator:

      

Weighted average common shares outstanding:

      

Basic

      22,308,730         21,972,739   

Dilutive effect of restricted shares, options and non-vested share awards

      446,283         483,404   
  

 

 

     

 

 

  

Diluted

   22,755,013      22,456,143   

Net (loss) income per share:

Basic

 $ (0.02 )  $ 0.03   

Diluted

 $ (0.02 )  $ 0.03   
  

 

 

     

 

 

  

For the three months ended March 31, 2015 and 2014, 0.3 million and 0.1 million, respectively, of stock options were not included in the calculation because they would have an anti-dilutive effect.