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Net Income (Loss) per Common Share
6 Months Ended
Jun. 30, 2015
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 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 815 and 537 shares of common stock for the three months ended June 30, 2015 and 2014 have been excluded from the fully diluted calculation of net income per share, as inclusion would be anti-dilutive. For the six months ended June 30, 2015 and 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.
A reconciliation of the basic and diluted weighted average common shares outstanding is as follows:
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
Weighted average common shares outstanding—basic
15,629

 
15,415

 
15,584

 
15,365

Dilutive common shares issuable in connection with stock plans
151

 
107

 

 

Weighted average common shares outstanding—diluted
15,780

 
15,522

 
15,584

 
15,365