XML 21 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
INCOME (LOSS) PER COMMON SHARE
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
INCOME (LOSS) PER COMMON SHARE

5.           income (Loss) PER COMMON SHARE

 

Basic income (loss) per common share is computed using the weighted average number of common shares outstanding. Diluted income (loss) per common share for the three month period ended March 31, 2017 is computed using the weighted-average number of common shares outstanding adjusted for the incremental shares attributed to outstanding options to purchase common stock, as well as unvested RSUs. Potentially dilutive shares of 78,865 were used in the calculation of diluted income per common share in the three months ended March 31, 2017. Potentially dilutive shares of 114,466 were not used in the calculation of diluted income per common share in the three month period ended March 31, 2017, as their exercise price was in excess of the Company’s average stock price for the respective period and, accordingly, these shares are not assumed to be exercised for the diluted earnings per share calculation, as they would be anti-dilutive. No potentially dilutive shares were used in the calculation of diluted income per common share in the three month period ended March 31, 2016, as the effect of incremental shares would be anti-dilutive.