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Note 10 - Income (loss) per Share
9 Months Ended
Sep. 30, 2015
Notes to Financial Statements  
Earnings Per Share [Text Block]
10.
Income (loss)
per Share
 
Income (loss) per basic and diluted weighted average common share outstanding for continuing and discontinued operations were calculated as follows for the three and nine months ended September 30, 2015 and 2014 (in thousands, except per share data):
 
     
 
 
Three Months Ended September 30,
 
 
Nine Months Ended September 30,
 
 
 
2015
 
 
2014
 
 
2015
 
 
2014
 
Income (loss) from continuing operations
  $ (1,515 )   $ 5,858     $ (15,695 )   $ 7,829  
Income (loss) from discontinued operations
    -       (837 )     -       (11,720 )
Net income (loss)
  $ (1,515 )   $ 5,021     $ (15,695 )   $ (3,891 )
                                 
Basic weighted-average common shares outstanding
    9,565       9,519       9,558       9,513  
Effect of potentially dilutive common shares
(1)
    -       97       -       82  
Diluted weighted-average common shares outstanding
    9,565       9,616       9,558       9,595  
                                 
Income (loss) per basic common share
                               
Continuing operations
  $ (0.16 )   $ 0.62     $ (1.64 )   $ 0.82  
Discontinued operations
    -       (0.09 )     -       (1.23 )
Total
  $ (0.16 )   $ 0.53     $ (1.64 )   $ (0.41 )
                                 
Income (loss) per diluted common share
                               
Continuing operations
  $ (0.16 )   $ 0.61     $ (1.64 )   $ 0.82  
Discontinued operations
    -       (0.09 )     -       (1.23 )
Total
  $ (0.16 )   $ 0.52     $ (1.64 )   $ (0.41 )
 
(1)
Represents the effect of the assumed exercise of stock options and the vesting of restricted stock units and performance stock awards, based on the treasury stock method.
 
Due to the Company’s loss from continuing operations in the three and nine month periods ended September 30, 2015, the assumed exercise of stock options and the vesting of restricted stock units and performance stock awards using the treasury stock method would have had an antidilutive effect and were therefore excluded from the computation of diluted loss per share. The weighted average number of such antidilutive shares not included in the computation of diluted loss per share was 163,000 and 185,000 for the three and nine month periods ended September 30, 2015, respectively.
 
In both the three and nine month periods ended September 30, 2014, there were 65,000 shares from the assumed exercise of stock options and the vesting of restricted stock units and performance stock awards using the treasury stock method that were excluded from the calculation of diluted earnings per share because to include these shares would have had an antidilutive effect.