Net Income (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income (Loss) Per Common Share

The following table sets forth the computation of basic and diluted net income (loss) per common share:

	Three months ended					Nine months ended
	September 30,					September 30,
(dollars in thousands, except per share amounts)	2018		2017			2018		2017
Numerator:
Net income (loss)	$	3,916	$	(259	)	$	10,079	$	(250	)
Denominator:
Weighted average number of shares of common stock outstanding (A)		8,699,953		7,228,277			7,931,783		7,221,426
Weighted average effect of dilutive stock options and other stock compensation		252,796		-			234,976		-
Weighted average number of shares of common stock outstanding, as adjusted		8,952,749		7,228,277			8,166,759		7,221,426
Net income (loss) per common share:
Net income (loss) per common share - Basic	$	0.45	$	(0.04	)	$	1.27	$	(0.03	)
Net income (loss) per common share - Diluted	$	0.44	$	(0.04	)	$	1.23	$	(0.03	)

(A) Calculation includes weighted average of 1,408,163 shares in the aggregate issued on May 25 and June 5, 2018 as part of an underwritten public offering by the Company.