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Earnings Per Common Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

(3)  Earnings per Common Share



We report basic earnings per common share, which excludes the effect of potentially dilutive securities, and diluted earnings per common share which include the effect of all potentially dilutive securities unless their impact is anti-dilutive. The following are reconciliations of the numerators and denominators of our basic and diluted earnings per share, (in thousands except for share and per share amounts):







 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

For the Three Months Ended

 

For the Six Months Ended



 

June 30,

 

June 30,



 

2016

 

2015

 

2016

 

2015

Income (numerator):

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

 (1,627)

 

$

 (76)

 

$

 (3,031)

 

$

 (591)

Weighted average shares (denominator):

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares – basic

 

 

 6,088,555 

 

 

 6,084,241 

 

 

 6,086,435 

 

 

 6,084,241 

Dilution effect of share-based compensation, treasury method

 

 

 —

 

 

 —

 

 

 —

 

 

 —

Weighted average shares – dilutive

 

 

 6,088,555 

 

 

 6,084,241 

 

 

 6,086,435 

 

 

 6,084,241 

Loss per share – Basic and Dilutive:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

 (0.27)

 

$

 (0.01)

 

$

 (0.50)

 

$

 (0.10)

Dilutive

 

$

 (0.27)

 

$

 (0.01)

 

$

 (0.50)

 

$

 (0.10)

 

Share and per share data at June 30, 2015 has been adjusted to reflect the impact of the 1 for 10 reverse stock split approved at the shareholder meeting on March 21, 2016, effective with trading on March 24, 2016.  The total number of shares issued and outstanding represent estimates after adjustments to reflect the impact of the reverse stock split.