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Basic and Diluted Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 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 September 30,

 

Nine Months Ended September 30,

 

2015

 

2014

 

2015

 

2014

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net (loss) earnings

$

(3,551)

 

$

1,782 

 

$

(4,593)

 

$

2,674 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average basic shares outstanding

 

7,468 

 

 

7,172 

 

 

7,427 

 

 

7,172 

Effect of dilutive securities - equity based compensation plans

 

 -

 

 

47 

 

 

 -

 

 

55 

Net dilutive effect of warrants outstanding

 

 -

 

 

 

 

 -

 

 

11 

Denominator for diluted earnings per common share

 

7,468 

 

 

7,226 

 

 

7,427 

 

 

7,238 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(0.48)

 

$

0.25 

 

$

(0.62)

 

$

0.37 

Diluted

$

(0.48)

 

$

0.25 

 

$

(0.62)

 

$

0.37 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Equity based compensation plans

 

349 

 

 

238 

 

 

349 

 

 

223 

Warrants

 

51 

 

 

240 

 

 

51 

 

 

240