Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

(5) EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding and the number of dilutive potential common share equivalents during the period, calculated using the treasury-stock method.

The calculation of basic and diluted loss per share for the three and nine months ended September, 2014 and 2013 is as follows:

	Three months ended					Nine months ended
	September 30,					September 30,
	2014		2013			2014			2013
Basic:
Net income (loss) applicable to common stockholders	$	258	$	(738	)	$	(6,724	)	$	(2,758	)
Weighted average shares outstanding – basic		31,215,799		31,148,234			31,186,252			31,148,234
Net loss per share – basic	$	0.01	$	(0.02	)	$	(0.22	)	$	(0.09	)
Diluted:
Net Income (loss) applicable to common stockholders	$	258	$	(738	)	$	(6,724	)	$	(2,758	)
Weighted average shares outstanding – basic		31,215,799		31,148,234			31,186,252			31,148,234
Dilutive securities	—		—			—			—
Weighted average shares outstanding – diluted		31,215,799		31,148,234			31,186,252			31,148,234
Net income (loss) per share – diluted	$	0.01	$	(0.02	)	$	(0.22	)	$	(0.09	)

  The effects of potential common stock equivalents, related to certain outstanding options for the three and nine months ended September 30, 2014 and 2013 were excluded from the computation of diluted net income (loss) per share as their inclusion would have an antidilutive effect.