Net Income (Loss) Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

9. NET INCOME (LOSS) PER SHARE:

A reconciliation of net income (loss) and weighted average shares used in computing basic and diluted net income (loss) per share is as follows:

	Three Months Ended March 31,
	2014		2013
	(In Thousands, Except Per Share Data)
Basic net income (loss) per share:
Net income (loss) applicable to common shares	$	711	$	(889	)
Weighted average common shares outstanding		10,968		10,878
Basic net income (loss) per share of common stock	$	0.06	$	(0.08	)
Diluted net income (loss) per share:
Net income (loss) applicable to common shares	$	711	$	(889	)
Weighted average common shares outstanding		10,968		10,878
Dilutive effect of stock options		1,642		—
Weighted average common shares, assuming dilutive effect of stock options		12,610		10,878
Diluted net income (loss) per share of common stock	$	0.06	$	(0.08	)

Share-based awards, inclusive of all grants made under the Company’s equity plans, for which either the stock option exercise price or the fair value of the restricted share award exceeds the average market price over the period, have an anti-dilutive effect on earnings per share, and accordingly, are excluded from the diluted computations for all periods presented. Had such shares been included, shares for the diluted computation would have increased by approximately 545 thousand and 1.9 million in the three-month periods ended March 31, 2014 and 2013, respectively. As of March 31, 2014 and 2013, there were approximately 4.4 million share-based awards outstanding under the Company’s equity plans.