Net Income per share

6 Months Ended

Jun. 30, 2017

Net Income per share [Abstract]

Net Income per share

Note 7 — Net Income 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 shares of common stock 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 six months ended June 30, 2017 there were no anti-dilutive stock options outstanding.  For the three and six months ended June 30, 2016 there were 38,000 and 26,000 anti-dilutive stock options outstanding.

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

	For the three months ended June 30,
	2017		2016
Net income from continuing operations	$	1,977	$	100
Basic:
Shares outstanding at beginning of period		15,811		15,607
Weighted average shares issued during the period, net		108		8
Weighted average common shares, basic		15,919		15,615
Net income from continuing operations per common share, basic	$	0.12	$	0.01
Diluted:
Weighted average common shares, basic		15,919		15,615
Dilutive impact of stock options and restricted stock awards		260		55
Weighted average common shares, diluted		16,179		15,670
Net income from continuing operations per common share, diluted	$	0.12	$	0.01

	For the six months ended June 30,
	2017		2016
Net income from continuing operations	$	3,241	$	115
Basic:
Shares outstanding at beginning of period		15,771		15,645
Weighted average shares issued during the period, net		122		6
Weighted average common shares, basic		15,893		15,651
Net income from continuing operations per common share, basic	$	0.20	$	0.01
Diluted:
Weighted average common shares, basic		15,893		15,651
Dilutive impact of stock options and restricted stock awards		253		66
Weighted average common shares, diluted		16,146		15,717
Net income from continuing operations per common share, diluted	$	0.20	$	0.01