Net Income (loss) per share

9 Months Ended

Sep. 30, 2016

Net income (loss) per share [Abstract]

Net Income (loss) per share

Note 7 — Net Income (loss) per share

Earnings per share are calculated in accordance with ASC Topic 260 (Earnings per Share), which specifies the computation, presentation and disclosure requirements for earnings per share (EPS).  It requires the presentation of basic and diluted EPS.  Basic EPS excludes all dilution and is based upon the weighted average number of common shares outstanding during the period.  Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.  For the three and nine months ended September 30, 2016 there were 914,000 and 470,000 anti-dilutive stock options outstanding.  For the three and nine months ended September 30, 2015 there were 1,006,000 and 1,060,000 anti-dilutive stock options outstanding.

The following is a reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations (in thousands, except share and per share data):

	For the three months ended September 30,
	2016		2015
Income from continuing operations	$	518	$	1,297
Basic:
Shares outstanding at beginning of period		15,770		15,585
Weighted average shares issued (cancelled) during the period, net		-		4
Weighted average common shares, basic		15,770		15,589
Income from continuing operations per common share, basic	$	0.03	$	0.08
Diluted:
Weighted average common shares, basic		15,770		15,589
Dilutive impact of stock options and restricted stock awards		52		70
Weighted average common shares, diluted		15,822		15,659
Income from continuing operations per common share, diluted	$	0.03	$	0.08

	For the nine months ended September 30,
	2016		2015
Income from continuing operations	$	634	$	2,732
Basic:
Shares outstanding at beginning of period		15,645		15,592
Weighted average shares issued (cancelled) during the period, net		25		(43	)
Weighted average common shares, basic		15,670		15,549
Income from continuing operations per common share, basic	$	0.04	$	0.18
Diluted:
Weighted average common shares, basic		15,670		15,549
Dilutive impact of stock options and restricted stock awards		60		101
Weighted average common shares, diluted		15,730		15,650
Income from continuing operations per common share, diluted	$	0.04	$	0.17