Basic and Diluted Net (Loss) / Income Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share, Basic and Diluted [Abstract]

Earnings Per Share [Text Block]

4. Basic and Diluted Net (Loss) / Income Per Share

Basic net loss per share for the three months ended March 31, 2016 was computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per share for such period was computed by dividing net loss 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 consisted 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 for the three months ended March 31, 2016 are as follows:

	Three Months Ended
	March 31,		March 31,
	2016		2015
	(in thousands)
Weighted average common shares outstanding, basic		5,423		5,375
Dilutive common equivalent shares		-		27
Weighted average common shares outstanding, diluted		5,423		5,402

Options outstanding to purchase common stock were excluded from the computation of diluted net loss per share for the three months ended March 31, 2016 because the effect of including such shares would have been anti-dilutive for the period.