XML 30 R19.htm IDEA: XBRL DOCUMENT v3.4.0.3
Basic and Diluted Income (Loss) Per Common Share
 3 Months Ended
Mar. 31, 2016
Net income (loss) per common share:  
Basic and Diluted Income (Loss) Per Common Share

13. BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

 

Basic and diluted income (loss) per common share is calculated based on the weighted average number of shares outstanding during the period. The Company’s employee and director stock option awards, as well as incremental shares issuable upon exercise of warrants, are not considered in the calculations if the effect would be anti-dilutive. The following table sets forth the computation of basic and diluted income (loss) per share (in thousands, except per share data):

 

   Three Months Ended March 31,
   2016  2015
Numerator:      
Net income (loss)  $569   $(225)
           
Denominator:          
Weighted average basic shares outstanding   8,700    7,406 
Effect of dilutive securities - equity based compensation plans   9    — 
Denominator for diluted net income (loss) per common share   8,709    7,406 
           
Net income (loss) per common share:          
Basic  $0.07   $(0.03)
Diluted  $0.07   $(0.03)
           
Anti-dilutive securities (excluded from per share calculation):          
Equity based compensation plans   314    379 
Warrants   51    281