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Net Income Per Share
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Net Income Per Share

Note 4. Net Income Per Share

 

    

Three Months Ended

September 30,

    

Nine Months Ended

September 30,

 
     2015      2014      2015      2014  

Net income (loss)

   $ 4,630       $ (3,840    $ 17,584       $ 6,599   

Weighted average shares outstanding

     26,839         17,979         20,122         17,749   

Effective of dilutive stock options

     328         —           345         371   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted shares outstanding

     27,167         17,979         20,467         18,120   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic net income (loss) per share

   $ 0.17       $ (0.21    $ 0.87       $ 0.36   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted net income (loss) per share

   $ 0.17       $ (0.21    $ 0.86       $ 0.36   
  

 

 

    

 

 

    

 

 

    

 

 

 

There were no anti-dilutive options excluded from the dilutive shares outstanding for the three and nine month periods ended September 30, 2015 and 2014. During the three month period ended September 30, 2015, we issued 7,590 shares of common stock sold in a public offering. (See Note 14 of Notes to Condensed Consolidated Financial Statements).