Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2015

Computation of Basic and Diluted Earnings Per Share

The following table is the computation of basic and diluted earnings per share:


	Three Months Ended September 30,					Nine Months Ended September 30,
	2015			2014		2015			2014
Basic Earnings Per Share computation:
Numerator:
Net income (loss)	($	1,062	)	$	2,218	($	748	)	$	2,617
Denominator:
Common shares outstanding		17,626			18,112		18,059			18,155
Earnings per common share - basic
Net income (loss)	($	0.06	)	$	0.12	($	0.04	)	$	0.14
Diluted Earnings Per Share computation:
Denominator:
Common shares outstanding		17,626			18,112		18,059			18,155
Restricted shares subject to vesting		*			88		*			110
Performance shares subject to vesting		*			62		*			69
Common stock option grants		*			9		*			12

Total shares		17,626			18,271		18,059			18,346
Earnings per common share - diluted
Net income (loss)	($	0.06	)	$	0.12	($	0.04	)	$	0.14

As denoted by “*” in the table above, weighted average common stock option grants and restricted shares of 183,000 and 369,000 were excluded from the calculations of diluted net loss per share for the three months and nine months ended September 30, 2015, respectively, since their effects are anti-dilutive.