Net Income (Loss) per Common Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Net Income per Common Share

Net Income (Loss) per Common Share

Basic net income (loss) per share is calculated based on the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share incorporates the dilutive effect of common stock equivalent options, warrants and other convertible securities, if any, as determined with the treasury stock accounting method. Common stock equivalents related to options and restricted stock awards for 575 shares of common stock for the three months ended September 30, 2014 have been excluded from the fully diluted calculation of net income per share, as inclusion would be anti-dilutive. For the nine months ended September 30, 2014, since there was a net loss, the Company excluded all outstanding stock options and non-vested restricted shares from its diluted loss per share calculation, as inclusion of these securities would have reduced the net loss per share. Common stock equivalents related to options and restricted stock awards for 512 and 538 shares of common stock for the three and nine months ended September 30, 2013, respectively, have been excluded from the fully diluted calculation of net income per share, as inclusion would be anti-dilutive.

A reconciliation of the basic and diluted weighted average common shares outstanding is as follows:

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2014	2013	2014	2013
Weighted average common shares outstanding—basic	15,456	15,200	15,396	15,109
Dilutive common shares issuable in connection with stock plans	130	155	—	191
Weighted average common shares outstanding—diluted	15,586	15,355	15,396	15,300