Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

v3.4.0.3
Earnings (Loss) Per Share
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
8. Earnings (Loss) Per Share

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

 

     Three Months Ended
March 31
 
     2016      2015  

Numerator:

     

Net income (loss) (in thousands)

   $ 495       $ (415

Denominator:

     

Weighted average common shares outstanding:

     

Basic

     22,548,538         22,308,730   

Dilutive effect of non-vested awards

     490,718         —     
  

 

 

    

 

 

 

Diluted

     23,039,256         22,308,730   

Net income (loss) per share:

     

Basic

   $ 0.02       $ (0.02

Diluted

   $ 0.02       $ (0.02
  

 

 

    

 

 

 

For the three months ended March 31, 2016, 0.1 million of stock options were not included in the calculation because they would have an anti-dilutive effect. For the three months ended March 31, 2015, 0.3 million of stock options were not included in the calculation because they would have an anti-dilutive effect.