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Net Income (Loss) per Common Share (Tables)
9 Months Ended
Sep. 30, 2014
Net Income (Loss) per Common Share [Abstract]  
Computation Of Net Income (Loss) per Common Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

September 30,

 

September 30,

 

 

 

 

 

 

 

(dollars in thousands, except per share amounts)

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

1,395 

 

$

(1,711)

 

$

2,345 

 

$

(1,193)

Adjustment for interest expense on convertible notes

 

 

132 

 

 

 -

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss), as adjusted

 

$

1,527 

 

$

(1,711)

 

$

2,345 

 

$

(1,193)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of shares of common stock outstanding

 

 

7,039,823 

 

 

6,960,967 

 

 

7,028,658 

 

 

6,943,208 

Weighted average effect of dilutive stock options and other stock compensation

 

 

72,072 

 

 

 -

 

 

85,463 

 

 

 -

Weighted average effect of assumed conversion of convertible notes

 

 

427,396 

 

 

 -

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

7,539,291 

 

 

6,960,967 

 

 

7,114,121 

 

 

6,943,208 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share - Basic

 

$

0.20 

 

$

(0.25)

 

$

0.33 

 

$

(0.17)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per common share - Diluted

 

$

0.20 

 

$

(0.25)

 

$

0.33 

 

$

(0.17)