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Net Income Per Share
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Net Income Per Share

Note 4. Net Income Per Share

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2016      2015      2016      2015  

Net income (loss)

   $ 2,031       $ 6,953       $ 732       $ 12,955   

Weighted average shares outstanding

     27,024         19,215         26,923         19,064   

Effect of dilutive stock options

     163         367         127         352   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted shares outstanding

     27,187         19,582         27,050         19,416   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic net income (loss) per share

   $ 0.08       $ 0.36       $ 0.03       $ 0.68   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted net income (loss) per share

   $ 0.07       $ 0.36       $ 0.03       $ 0.67   
  

 

 

    

 

 

    

 

 

    

 

 

 

For both the three and six month periods ended June 30, 2016, approximately 0.9 million potentially dilutive stock options had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per share. For both the three and six month periods ended June 30, 2016, approximately 0.7 million potentially dilutive stock options had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per share.