Quarterly report pursuant to Section 13 or 15(d)

(Loss) Earnings Per Share

v3.7.0.1
(Loss) Earnings Per Share
3 Months Ended
Mar. 31, 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

March 31

 
     2017      2016  

Numerator:

     

Net (loss) income (in thousands)

   $ (1,478    $ 41  

Denominator:

     

Weighted average common shares outstanding:

     

Basic

     22,680,562        22,548,538  

Dilutive effect of non-vested awards

     0        490,718  
  

 

 

    

 

 

 

Diluted

     22,680,562        23,039,256  

Net (loss) income per share:

     

Basic

   $ (0.07    $ 0.00  

Diluted

   $ (0.07    $ 0.00  
  

 

 

    

 

 

 

For the three months ended March 31, 2017, 0.6 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, 2016, 0.1 million of stock options were not included in the calculation because they would have an anti-dilutive effect.