Net (loss) Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Income Per Common Share and Common Share Equivalents

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

	Three Months Ended March 31,
	2016			2015
	(As Restated)			(As Restated)
Basic (loss) income per common share
Net (loss) income	$	(1,643	)	$	18
Less: Preferred stock dividends		(7	)		(7	)
Net (loss) income applicable to common stock	$	(1,650	)	$	11
Basic weighted average number of common shares outstanding		10,789			10,752
Basic net (loss) income per common share	$	(0.15	)	$	0.00
Diluted (loss) income per common share
Net (loss) income applicable to common stock	$	(1,650	)	$	11
Add: Preferred stock dividends		7			7
Net (loss) income applicable to dilutive common stock	$	(1,643	)	$	18
Basic weighted average number of common shares outstanding		10,789			10,752
Effect of dilutive securities
Dilutive stock awards		—			130
Dilutive preferred share conversions		—			89
		—			219
Diluted weighted average number of common shares outstanding		10,789			10,971
Diluted net (loss) income per common share	$	(0.15	)	$	0.00