XML 31 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE
 9 Months Ended
Sep. 30, 2016
Net income (loss) per common share:  
BASIC AND DILUTED INCOME (LOSS) PER COMMON SHARE

14.  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     Nine Months Ended  
    September 30,     September 30,  
    2016     2015     2016     2015  
Numerator:                                
Net income (loss)   $ 322     $ (3,551 )   $ 1,085     $ (4,593 )
                                 
Denominator:                                
Weighted average basic shares outstanding     8,700       7,468       8,700       7,427  
Effect of dilutive securities - equity based compensation plans     8       —       8       —  
Denominator for diluted net income (loss) per common share     8,708       7,468       8,708       7,427  
                                 
Net income (loss) per common share:                                
Basic   $ 0.04     $ (0.48 )   $ 0.12     $ (0.62 )
Diluted   $ 0.04     $ (0.48 )   $ 0.12     $ (0.62 )
                                 
Anti-dilutive securities (excluded from per share calculation):                                
Equity based compensation plans     173       349       173       349  
Warrants     51       51       51       51