10. NET (LOSS) INCOME PER SHARE:

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


	Three Months Ended June 30,					Six Months Ended June 30,
	2017			2016		2017			2016
	(In Thousands, Except Per Share Data)
Basic net (loss) income per share:
Net (loss) income applicable to common shares	$	(860	)	$	1,313	$	(3,547	)	$	550

Weighted average common shares outstanding		13,586			12,126		13,280			11,959

Basic net (loss) income per share of common stock	$	(0.06	)	$	0.11	$	(0.27	)	$	0.05

Diluted net (loss) income per share:
Net (loss) income applicable to common shares	$	(860	)	$	1,313	$	(3,547	)	$	550

Weighted average common shares outstanding		13,586			12,126		13,280			11,959
Dilutive effects of stock options		—			1,906		—			1,917

Weighted average common shares, assuming dilutive effect of stock options		13,586			14,032		13,280			13,876

Diluted net (loss) income per share of common stock	$	(0.06	)	$	0.09	$	(0.27	)	$	0.04

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 142 thousand shares and 142 thousand shares in the three- and six-month periods ended June 30, 2017, respectively. There were no such anti-dilutive shares outstanding for the three- and six-month periods ended June 30, 2016. As of June 30, 2017 and 2016, there were approximately 1.8 and 3.5 million share-based awards outstanding, respectively, under the Company’s equity plans.