Net Income (Loss) per Common Share

3 Months Ended

Mar. 31, 2016

Net Loss per Common Share

Basic net loss per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted net loss per share incorporates the dilutive effect of common stock equivalent options, warrants and other convertible securities, if any, as determined with the treasury stock accounting method. For the three months ended March 31, 2016 and 2015, since there was a net loss, the Company excluded all outstanding stock options and non-vested restricted shares from its diluted loss per share calculation, as inclusion of these securities would have reduced the net loss per share.

A reconciliation of the basic and diluted weighted average common shares outstanding is as follows:



	Three Months Ended
	March 31,
	2016	2015
Weighted average common shares outstanding—basic	15,723	15,538
Dilutive common shares issuable in connection with stock plans	—	—
Weighted average common shares outstanding—diluted	15,723	15,538