Net (Loss) Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

Calculation of Basic and Diluted (Loss) Income Per Common and Common Equivalent Share

The calculation of basic and diluted (loss) per common and common equivalent share is as follows (in thousands except for per share data):

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Basic (loss) income per common share
Net (loss) income	$	(326	)	$	(10	)	$	(1,018	)	$	142
Less: Preferred stock dividends		(7	)		(7	)		(14	)		(14	)
Net (loss) income applicable to common stock	$	(333	)	$	(17	)	$	(1,032	)	$	128
Basic weighted average number of common shares outstanding		10,758			10,741			10,754			11,686
Basic net (loss) income per common share	$	(0.03	)	$	(0.00	)	$	(0.10	)	$	0.01
Diluted (loss) income per common share
Net (loss) income applicable to common stock	$	(333	)	$	(17	)	$	(1,032	)	$	128
Add: Preferred stock dividends		—			7			—			14
Less: Fair value of stock warrants for dilutive warrants		—			(70	)		—			(379	)
Net (loss) applicable to dilutive common stock	$	(333	)	$	(80	)	$	(1,032	)	$	(237	)
Basic weighted average number of common shares outstanding		10,758			10,741			10,754			11,686
Effect of dilutive securities
Dilutive stock awards		—			—			—			—
Dilutive preferred share conversions		—			15			—			20
		—			15			—			20
Diluted weighted average number of common shares outstanding		10,758			10,756			10,754			11,706
Diluted net (loss) per common share	$	(0.03	)	$	(0.01	)	$	(0.10	)	$	(0.02	)