Quarterly report pursuant to Section 13 or 15(d)

(Loss) Earnings Per Share

v3.7.0.1
(Loss) Earnings Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
(Loss) Earnings Per Share
8. (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
June 30
     Six Months Ended
June 30
 
Numerator:    2017     2016      2017     2016  

Net (loss) income (in thousands)

   $ (1,106   $ 153      $ (2,584   $ 194  

Denominator:

         

Weighted average common shares outstanding:

         

Basic

     22,740,050       22,620,386        22,710,470       22,584,462  

Dilutive effect of non-vested awards

     —         489,484        —         485,438  
  

 

 

   

 

 

    

 

 

   

 

 

 

Diluted

     22,740,050       23,109,870        22,710,470       23,069,900  

Net (loss) income per share:

         

Basic

   $ (0.05   $ 0.01      $ (0.11   $ 0.01  

Diluted

   $ (0.05   $ 0.01      $ (0.11   $ 0.01  
  

 

 

   

 

 

    

 

 

   

 

 

 

For the three and six months ended June 30, 2017, 1.0 million and 0.6 million of stock options were not included in the calculation because they would have an anti-dilutive effect, compared to less than 0.1 million for the same prior year periods.