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Income (Loss) Per Common Share (Tables)
9 Months Ended
Sep. 30, 2013
Calculations of Basic and Diluted Income (Loss) Per Common Share

The calculations of basic and diluted income (loss) per common share for the three and nine month periods ended September 30, 2013 and 2012 are as follows:

 

     Three Months Ended
September 30,
     Nine Months Ended
September 30,
 
     2013      2012      2013     2012  
     (in thousands, except per share amounts)  

Net income (loss) – basic and diluted

   $ 1,093       $ 3,890         (107   $ 5,793   

Weighted-average shares outstanding – basic

     12,707         12,546         12,758        12,482   

Effect of dilutive securities:

          

Stock options

     339         254         —          298   
  

 

 

    

 

 

    

 

 

   

 

 

 

Weighted-average shares outstanding – diluted

     13,046         12,800         12,758        12,780   
  

 

 

    

 

 

    

 

 

   

 

 

 

Basic income (loss) per common share

   $ 0.09       $ 0.31       $ (0.01   $ 0.46   
  

 

 

    

 

 

    

 

 

   

 

 

 

Diluted income (loss) per common share

   $ 0.08       $ 0.30       $ (0.01   $ 0.45