Net Income (Loss) per Common Share

6 Months Ended

Jun. 30, 2016

Net (Loss) Income per Common Share

Basic net (loss) income 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. For the three months ended June 30, 2016, and the six months ended June 30, 2016 and 2015, due to the net loss in each of those periods, 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 of 815 shares of common stock for the three months ended June 30, 2015 have been excluded from the fully diluted calculation of net income 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,
	2016	2015	2016	2015
Weighted average common shares outstanding—basic	15,825	15,629	15,774	15,584
Dilutive common shares issuable in connection with stock plans	—	151	—	—
Weighted average common shares outstanding—diluted	15,825	15,780	15,774	15,584