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Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
8.
Income (Loss) Per Share
 
 
 
Three months ended
 
Nine months ended
 
 
 
September 30,
 
September 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
(in thousands, except per share amounts)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to
 
 
 
 
 
 
 
 
 
 
 
 
 
Innodata Inc. and Subsidiaries
 
$
(11,692)
 
$
1,289
 
$
(11,496)
 
$
6,809
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
25,053
 
 
24,883
 
 
24,977
 
 
24,808
 
Dilutive effect of outstanding options
 
 
-
 
 
2,563
 
 
-
 
 
1,418
 
Adjusted for dilution computation
 
 
25,053
 
 
27,446
 
 
24,977
 
 
26,226
 
 
Basic income (loss) per share is computed using the weighted-average number of common shares outstanding during the period. Diluted income (loss) 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 1.8 million shares and 0.1 million shares of common stock for the three months ended September 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. In addition, diluted net income (loss) per share for the three months does not include 1.6 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 1.7 million shares and 0.1 million shares of common stock for the nine months ended September 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.