Net Income (Loss) per Share

6 Months Ended

Jun. 30, 2016

6. Net Income (Loss) per Share

Basic net income (loss) per share excludes any dilutive effects of options. We compute basic net income (loss) per share using the weighted average number of shares of common stock outstanding during the period. We compute diluted net income (loss) per share using the weighted average number of shares of common stock and common stock equivalents outstanding during the period. We excluded common stock equivalents of 890,000 and 985,000 from the computation of diluted net loss per share for the three months ended June 30, 2016 and 2015, respectively, and 939,000 and 987,000 for the six months ended June 30, 2016 and 2015, respectively, because their effect was antidilutive.

The following table sets forth the computation of basic and diluted net income (loss) per share:


	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands, except per share data)	2016			2015			2016			2015
Net (loss) income:
Loss from continuing operations	$	(3,085	)	$	(1,960	)	$	(7,210	)	$	(4,998	)
Income (loss) from discontinued operations		646			843			(2,854	)		(11	)

Net loss	$	(2,439	)	$	(1,117	)	$	(10,064	)	$	(5,009	)

Weighted average shares for basic net (loss) income per share		24,580			24,511			24,555			24,501

Effect of dilutive securities		—			99			—			—

Weighted average shares for diluted net (loss) income per share		24,580			24,610			24,555			24,501

Net (loss) income per share —basic and diluted:
Loss from continuing operations	$	(0.13	)	$	(0.08	)	$	(0.29	)	$	(0.20	)
Income (loss) from discontinued operations	$	0.03		$	0.03		$	(0.12	)	$	(0.00	)

Basic and diluted net (loss) income per share	$	(0.10	)	$	(0.05	)	$	(0.41	)	$	(0.20	)