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Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
7.
Income (Loss) Per Share
 
 
 
Three months ended
 
Six months ended
 
 
 
June 30,
 
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
(in thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to
 
 
 
 
 
 
 
 
 
 
 
 
 
Innodata Inc. and Subsidiaries
 
$
(121)
 
$
2,088
 
$
196
 
$
5,520
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
24,940
 
 
25,085
 
 
24,938
 
 
24,771
 
Dilutive effect of outstanding options
 
 
-
 
 
1,777
 
 
-
 
 
1,688
 
Adjusted for dilution computation
 
 
24,940
 
 
26,862
 
 
24,938
 
 
26,459
 
 
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 1.7 million shares of common stock for the three months ended June 30, 2013 were outstanding but not included in the computation of diluted income (loss) 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. All options outstanding were included in the computation of diluted net income (loss) per share for the three months ended June 30, 2012 as the exercise price was lower than the average market price. In addition, diluted net income (loss) per share for the three months does not include 1.7 million potential common shares derived from the exercise of stock options because as a result of the Company’s incurring losses, their effect would have been antidilutive.
 
Options to purchase 0.6 million shares and 0.1 million shares of common stock for the six months ended June 30, 2013 and 2012, respectively, were outstanding but not included in the computation of diluted income (loss) 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.