Quarterly report pursuant to Section 13 or 15(d)

(Loss) Earnings Per Share

v3.8.0.1
(Loss) Earnings Per Share
9 Months Ended
Sep. 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
September 30
     Nine Months Ended
September 30
 
     2017      2016      2017      2016  

Numerator:

           

Net (loss) income (in thousands)

   $ (129    $ 56      $ (2,713    $ 250  

Denominator:

           

Weighted average common shares outstanding:

           

Basic

     22,755,976        22,620,386        22,725,806        22,614,203  

Dilutive effect of non-vested awards

     —          375,257        —          445,591  
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

     22,755,976        22,995,643        22,725,806        23,059,794  

Net (loss) income per share:

           

Basic

   $ (0.01    $ 0.00      $ (0.12    $ 0.01  

Diluted

   $ (0.01    $ 0.00      $ (0.12    $ 0.01  
  

 

 

    

 

 

    

 

 

    

 

 

 

For the three and nine months ended September 30, 2017, 0.7 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.