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Net Income (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Summary of Computation of Net Income (Loss) Per Share

The following table presents the computation of net income (loss) per share (in thousands except per share data):

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(736

)

 

$

662

 

 

$

(1,938

)

 

$

998

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

9,683

 

 

 

9,697

 

 

 

9,686

 

 

 

9,661

 

Plus dilutive effect of potential common shares

 

 

 

 

 

431

 

 

 

 

 

 

410

 

Weighted average common shares outstanding - diluted

 

 

9,683

 

 

 

10,128

 

 

 

9,686

 

 

 

10,071

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.08

)

 

$

0.07

 

 

$

(0.20

)

 

$

0.10

 

Diluted

 

$

(0.08

)

 

$

0.07

 

 

$

(0.20

)

 

$

0.10

 

Summary of Potentially Dilutive Securities

Potentially dilutive securities (in common stock equivalent shares) not included in the calculation of diluted net income (loss) per share because to do so would be anti-dilutive are as follows (in thousands):

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Stock options and restricted stock

 

 

1,847

 

 

 

67

 

 

 

1,762

 

 

 

258

 

Warrants outstanding

 

 

51

 

 

 

 

 

 

51

 

 

 

 

Total

 

 

1,898

 

 

 

67

 

 

 

1,813

 

 

 

258