Earnings per Share

3 Months Ended

Mar. 31, 2016

During the three months ended March 31, 2016 and 2015, we generated net income from continuing operations. Accordingly, some of our outstanding stock options, warrants and restricted stock awards have a dilutive impact, illustrated in the following table. We generated basic and diluted earnings per share from net income of $0.02 for the three month period ending March 31, 2016 and $0.03 for the three month period ending March 31, 2015.



	For the Three Months Ended
	March 31, 2016	March 31, 2015
Weighted average shares outstanding for basic EPS	24,381,497	24,086,705
Effect of dilutive securities
Options	7,926	5,770
Restricted stock units	131,032	127,607
Warrants	45,833	20,176
Weighted average shares outstanding for diluted EPS	24,566,288	24,240,258

In addition, the weighted average number of securities that were anti-dilutive for the three months ended March 31, 2016, but which could potentially dilute EPS in the future were 276,320 outstanding stock options with a weighted average exercise price of $2.86; 997,806 outstanding restricted stock units with a weighted average price of $3.20; and 675,000 outstanding warrants with a weighted average exercise price of $2.20.

For the three months ended March 31, 2015, we had potentially dilutive options and warrants. We had 359,641 outstanding stock options with a weighted average exercise price of $5.93 and 725,000 outstanding warrants with a weighted average exercise price of $2.15.