Net Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2016

Note 6 — Net Income (Loss) Per Common Share

Basic net income (loss) per common share is computed by dividing net income (loss) by the basic weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed by dividing net income (loss) by the diluted weighted average number of common shares and common equivalent shares outstanding during the period. The weighted average number of common equivalent shares outstanding has been determined in accordance with the treasury-stock method. Common equivalent shares consist of common stock issuable on the exercise of outstanding options and vesting of restricted stock units when dilutive.

Basic and diluted weighted average common shares are as follows (in thousands):

	Three Months Ended
	March 31,
	2016		2015
Basic weighted average common shares outstanding		17,762		18,058
Weighted average common equivalent shares		163		-
Diluted weighted average common shares outstanding		17,925		18,058
Options excluded from diluted weighted average share calculation as effect would have been anti-dilutive		1,736		2,052