Basic and Diluted Net Income Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share, Basic and Diluted [Abstract]

Earnings Per Share [Text Block]

4. Basic and Diluted Net Income Per Share

Basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed by dividing net income by the weighted average number of common and dilutive common equivalent shares outstanding during the period. The number of dilutive common equivalent shares outstanding during the period was determined in accordance with the treasury-stock method. Common equivalent shares consist of common stock issuable upon the exercise of outstanding options and common stock issuable upon the vesting of outstanding, unvested SUAs.

Basic and diluted weighted average common shares outstanding are as follows:

	Three Months Ended
	March 31,	March 31,
	2014	2013
	(in 000’s)
Weighted average common shares outstanding, basic	5,318	5,273
Dilutive common equivalent shares	53	20
Weighted average common shares outstanding, dilutive	5,371	5,293

For the three months ended March 31, 2013, options to purchase 200 thousand common shares, were outstanding but not included in the diluted weighted average common share calculation as the effect would have been anti-dilutive.