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Net Income (Loss) Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share

NOTE F – NET INCOME (LOSS) PER SHARE

The following table provides the computation of basic and diluted net income (loss) per share for the years ended December 31, 2013, 2012 and 2011 (in thousands, except per share amounts):

 

     Year Ended December 31,  
     2013      2012      2011  

Net income (loss)

    $ 2,033       $ 65       $ (1,177 ) 
  

 

 

     

 

 

     

 

 

  

Basic weighted average shares outstanding

      48,263         45,027         42,758   

Effect of potentially dilutive securities

      4,512         3,688         —     
  

 

 

     

 

 

     

 

 

  

Diluted weighted average shares outstanding

      52,775         48,715         42,758   
  

 

 

     

 

 

     

 

 

  

Basic net income (loss) per share

    $ 0.04         0.00       $ (0.03 ) 
  

 

 

     

 

 

     

 

 

  

Diluted net income (loss) per share

    $ 0.04         0.00       $ (0.03 ) 
  

 

 

     

 

 

     

 

 

  

For the year ended December 31, 2013 there were 341,000 options and no warrants excluded from the calculation of diluted earnings per share as anti-dilutive. For the year ended December 31, 2012 there were no outstanding options or warrants excluded from the calculation of diluted earnings per share as anti-dilutive, as the exercise prices of all outstanding options and warrants were less than the average market price of the Company’s common stock for the year ended December 31, 2012.