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Earnings per share
6 Months Ended
Jun. 30, 2016
Earnings per share [Abstract]  
Earnings per share
Note 7 — Earnings per share
 
Earnings per share are calculated in accordance with ASC Topic 260 (Earnings per Share), which specifies the computation, presentation and disclosure requirements for earnings per share (EPS).  It requires the presentation of basic and diluted EPS.  Basic EPS excludes all dilution and is based upon the weighted average number of common shares outstanding during the period.  Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.  For the three and six months ended June 30, 2016 there were 38,000 and 26,000 anti-dilutive stock options outstanding.  For the three and six months ended June 30, 2015 there were 279,000 and 208,000 anti-dilutive stock options outstanding.
 
The following is a reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations (in thousands, except share and per share data):

  
For the three months
ended June 30,
 
  
2016
  
2015
 
Income from continuing operations
 
$
100
  
$
1,244
 
         
Basic:
        
Shares outstanding at beginning of period
  
15,607
   
15,585
 
Weighted average shares issued (cancelled) during the period, net
  
8
   
(1
)
Weighted average common shares, basic
  
15,615
   
15,584
 
Income from continuing operations per common share, basic
 
$
0.01
  
$
0.08
 
Diluted:
        
Weighted average common shares, basic
  
15,615
   
15,584
 
Dilutive impact of stock options and restricted stock awards
  
55
   
87
 
Weighted average common shares, diluted
  
15,670
   
15,671
 
Income from continuing operations per common share, diluted
 
$
0.01
  
$
0.08
 

  
For the six months
ended June 30,
 
  
2016
  
2015
 
Income from continuing operations
 
$
115
  
$
1,436
 
         
Basic:
        
Shares outstanding at beginning of period
  
15,645
   
15,592
 
Weighted average shares issued (cancelled) during the period, net
  
6
   
(51
)
Weighted average common shares, basic
  
15,651
   
15,541
 
Income from continuing operations per common share, basic
 
$
0.01
  
$
0.09
 
Diluted:
        
Weighted average common shares, basic
  
15,651
   
15,541
 
Dilutive impact of stock options and restricted stock awards
  
66
   
117
 
Weighted average common shares, diluted
  
15,717
   
15,658
 
Income from continuing operations per common share, diluted
 
$
0.01
  
$
0.09