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Income Per Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
7. Income Per Share

 

    Three months ended March 31,  
    2013     2012  
    (in thousands, except per share amounts)  
             
Net income  attributable to Innodata Inc. and Subsidiaries   $ 316     $ 3,432  
                 
Weighted average common shares outstanding     24,880       24,459  
Dilutive effect of outstanding stock awards     791       1,515  
Adjusted for dilution computation     25,671       25,974  

 

Basic income per share is computed using the weighted-average number of common shares outstanding during the period. Diluted income per share is computed by considering the impact of the potential issuance of common shares, using the treasury stock method, on the weighted average number of shares outstanding. For those securities that are not convertible into a class of common stock, the “two-class” method of computing income per share is used.

 

Options to purchase 0.4 million shares of common stock and 0.1 million shares of common stock as of March 31, 2013 and 2012, respectively, were outstanding but not included in the computation of diluted income per share, because the options exercise price was greater than the average market price of the common shares and, therefore, the effect would have been antidilutive.