Net Income (loss) per share

3 Months Ended

Mar. 31, 2017

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, 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 months ended March 31, 2017 there were no anti-dilutive stock options outstanding, and there were 16,000 anti-dilutive stock options outstanding for the three months ended March 31, 2016.

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

	For the three months ended March 31,
	2017		2016
Income from continuing operations	$	1,264	$	15
Basic:
Shares outstanding at beginning of period		15,771		15,645
Weighted average shares issued during the period, net		10		1
Weighted average common shares, basic		15,781		15,646
Income from continuing operations per common share, basic	$	0.08	$	0.00
Diluted:
Weighted average common shares, basic		15,781		15,646
Dilutive impact of stock options and restricted stock awards		197		77
Weighted average common shares, diluted		15,978		15,723
Income from continuing operations per common share, diluted	$	0.08	$	0.00