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Net Income Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2014
Net (Loss) Income Per Common Share [Abstract]  
Computation Of Net Income Per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

 

March 31,

 

 

 

 

 

 

(dollars in thousands, except per share amounts)

 

2014

 

2013

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$
(499)

 

$
40 

 

Adjustment for interest expense on convertible notes (A)

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

Net (loss) income, as adjusted

 

$
(499)

 

$
40 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares of common stock outstanding

 

 
7,014,836 

 

 
6,924,131 

 

Weighted average effect of dilutive stock options and other stock compensation

 

 

 -

 

 
139,572 

 

Weighted average effect of assumed conversion of convertible notes

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

Weighted average number of shares of common stock outstanding, as adjusted 

 

 
7,014,836 

 

 
7,063,703 

 

 

 

 

 

 

 

 

 

Net (loss) income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income per common share - Basic

 

$
(0.07)

 

$
0.01 

 

 

 

 

 

 

 

 

 

Net (loss) income per common share - Diluted

 

$
(0.07)

 

$
0.01 

 

(A)

An adjustment for interest expense on convertible notes was excluded from the net (loss) income per share calculation for the three months ended March 31, 2014 and 2013, as a result of the convertible notes being antidilutive.