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Basic and Diluted Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2015
Basic and Diluted Earnings Per Share [Abstract]  
Schedule of Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

2015

 

2014

Numerator:

 

 

 

 

 

Net (loss) earnings

$

(225)

 

$

590 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Weighted average basic shares outstanding

 

7,406 

 

 

7,172 

Effect of dilutive securities - equity based compensation plans

 

 -

 

 

63 

Net dilutive effect of warrants outstanding

 

 -

 

 

14 

Denominator for diluted earnings per common share

 

7,406 

 

 

7,249 

 

 

 

 

 

 

Net (loss) earnings per common share:

 

 

 

 

 

Basic

$

(0.03)

 

$

0.08 

Diluted

$

(0.03)

 

$

0.08 

 

 

 

 

 

 

Anti-dilutive securities (excluded from per share calculation):

 

 

 

 

 

Equity based compensation plans

 

379 

 

 

223 

Warrants

 

281 

 

 

240