Net (loss) income per share

9 Months Ended

Sep. 30, 2017

Net (loss) income per share [Abstract]

Net (loss) income per share

Note 7 — Net (loss) 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. As there were losses for the three months ended September 30, 2017 no common share equivalents are included in the diluted per share computation. For the nine months ended September 30, 2017 there were no anti-dilutive stock options outstanding. For the three and nine months ended September 30, 2016 there were 914,000 and 470,000 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):

	Three Months Ended September 30,
	2017			2016
Net (loss) income from continuing operations	$	(1,517	)	$	518
Basic:
Shares outstanding at beginning of period		15,907			15,770
Weighted average shares issued during the period, net		69			-
Weighted average common shares, basic		15,976			15,770
Net (loss) income from continuing operations per common share, basic	$	(0.10	)	$	0.03
Diluted:
Weighted average common shares, basic		15,976			15,770
Dilutive impact of stock options and restricted stock awards		-			52
Weighted average common shares, diluted		15,976			15,822
Net (loss) income from continuing operations per common share, diluted	$	(0.10	)	$	0.03

	Nine Months Ended September 30,
	2017		2016
Net income from continuing operations	$	1,724	$	634
Basic:
Shares outstanding at beginning of period		15,771		15,645
Weighted average shares issued during the period, net		178		25
Weighted average common shares, basic		15,949		15,670
Net income from continuing operations per common share, basic	$	0.11	$	0.04
Diluted:
Weighted average common shares, basic		15,949		15,670
Dilutive impact of stock options and restricted stock awards		311		60
Weighted average common shares, diluted		16,260		15,730
Net income from continuing operations per common share, diluted	$	0.11	$	0.04