Earnings (loss) per share

6 Months Ended

Jun. 30, 2016

Earnings (loss) per share [Abstract]

Earnings (loss) per share

5. Earnings (loss) per share

Basic net income (loss) per share was computed on the weighted average number of shares outstanding.  Diluted net income per share was computed under the treasury stock method, assuming the conversion as of the beginning of the period, for all dilutive stock options.  Of 964 thousand and 696 thousand shares and options outstanding at June 30, 2016 and 2015, respectively, 22 thousand and 79 thousand were anti-dilutive, respectively.  These shares and options have been excluded from the computations of diluted earnings per share for the six months ended June 30, 2016, and the three and six month periods ended June 30, 2015.  Due to the net loss for the three months ended June 30, 2016, no adjustment was made to basic shares, as such adjustment would have been anti-dilutive.  There were no adjustments to net income for either period.