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Earnings per Share (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
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,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Basic Earnings Per Share computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

719

 

 

$

89

 

 

$

720

 

 

$

(8,229

)

Net income (loss) from discontinued operations

 

$

236

 

 

$

86

 

 

$

(148

)

 

$

(4,125

)

Net income (loss)

 

$

955

 

 

$

175

 

 

$

572

 

 

$

(12,354

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

16,757

 

 

 

16,106

 

 

 

16,526

 

 

 

16,136

 

Earnings per common share - basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

0.04

 

 

$

0.01

 

 

$

0.04

 

 

$

(0.51

)

Net income (loss) from discontinued operations

 

$

0.01

 

 

$

0.01

 

 

$

(0.01

)

 

$

(0.26

)

Net income (loss)

 

$

0.06

 

 

$

0.01

 

 

$

0.03

 

 

$

(0.77

)

Diluted Earnings Per Share computation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

16,757

 

 

 

16,106

 

 

 

16,526

 

 

 

16,136

 

Restricted shares subject to vesting

 

 

304

 

 

 

139

 

 

 

302

 

 

*

 

Common stock option grants

 

 

4

 

 

 

0

 

 

 

2

 

 

*

 

Total shares

 

 

17,065

 

 

 

16,245

 

 

 

16,830

 

 

 

16,136

 

Earnings per common share - diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

 

$

0.04

 

 

$

0.01

 

 

$

0.04

 

 

$

(0.51

)

Net income (loss) from discontinued operations

 

$

0.01

 

 

$

0.01

 

 

$

(0.01

)

 

$

(0.26

)

Net income (loss)

 

$

0.06

 

 

$

0.01

 

 

$

0.03

 

 

$

(0.77

)

 

*

As denoted by “*” in the table above, the weighted average common stock option grants and restricted shares of  140,000 for the nine months ended September 30, 2016, were excluded from the calculations of diluted net loss per share since their effects are anti-dilutive.