Net Loss Per Share

3 Months Ended

Mar. 31, 2017

10. NET LOSS PER SHARE:

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


	Three Months Ended March 31,
	2017			2016
Basic net loss per share:
Net loss applicable to common shares	$	(2,687	)	$	(763	)

Weighted average common shares outstanding		12,971			11,790

Basic net loss per share of common stock	$	(0.21	)	$	(0.06	)

Diluted net loss per share:
Net loss applicable to common shares	$	(2,687	)	$	(763	)

Weighted average common shares outstanding		12,971			11,790
Dilutive effects of stock options		—			—

Weighted average common shares, assuming dilutive effect of stock options		12,971			11,790

Diluted net loss per share of common stock	$	(0.21	)	$	(0.06	)

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 194 and 109 thousand in the three-month periods ended March 31, 2017 and 2016, respectively. As of March 31, 2017 and 2016, there were approximately 2.5 million and 3.7 million share-based awards outstanding, respectively, under the Company’s equity plans. Options to purchase 1.7 million shares of common stock that were outstanding during the three months ended March 31, 2017 and 2016 were not included in the computation of diluted net loss per share due to the reported periodic loss.