Net Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2014

Net Income (Loss) Per Common Share

Net Income (Loss) Per Common Share

7. Net Income (Loss) Per Common Share

Basic net income per share is computed by dividing net income by the weighted daily average number of shares of common stock outstanding during the period. Diluted net income per share is based upon the weighted daily average number of shares of common stock outstanding for the period plus dilutive potential common shares, including stock options and restricted stock units using the treasury-stock method.

A reconciliation of the weighted average basic common shares outstanding to the weighted average diluted common shares outstanding is as follows (unaudited):

	Three Months EndedMarch 31,
	2014		2013
Weighted average common basic shares outstanding	21,977,836		21,870,771
Effect of dilutive stock options and restricted stock units	374,009		—
Weighted average common diluted shares outstanding	22,351,845		21,870,771
Net income (loss) per share:
Basic	$	0.20	$	(0.01	)
Diluted	$	0.19	$	(0.01	)

Stock options and restricted stock units not included in the computation of diluted loss per share for those periods because their inclusion was anti-dilutive were as follows (unaudited):

	Three Months EndedMarch 31,
	2014	2013
Stock options and restricted stock units	—	300,033