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Earnings Per Share ("EPS") (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table shows how we computed basic and diluted EPS for the three and six months ended June 30, 2016 and 2015. 
(In thousands, except per share data)
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
Net (loss) income
$
(4,710
)
 
$
138

 
$
(4,426
)
 
$
54

Accumulated undeclared dividends on preferred stock

 
(309
)
 

 
(618
)
Numerator for basic and diluted net (loss) income available to common shareholders
$
(4,710
)
 
$
(171
)
 
$
(4,426
)
 
$
(564
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average outstanding shares of common stock
22,962

 
19,774

 
22,918

 
19,696

Dilutive effect of employee stock options and contingently issuable shares

 

 

 

Diluted weighted average common stock and common stock equivalents
22,962

 
19,774

 
22,918

 
19,696

Basic (loss) income per common share:
 
 
 
 
 
 
 
Net (loss) income available to common shareholders
$
(0.21
)
 
$
(0.01
)
 
$
(0.19
)
 
$
(0.03
)
Diluted (loss) income per common share:
 
 
 
 
 
 
 
Net (loss) income available to common shareholders
$
(0.21
)
 
$
(0.01
)
 
$
(0.19
)
 
$
(0.03
)
Antidilutive Securities Excluded from Earnings Per Share
The weighted average shares that have an antidilutive effect in the calculation of diluted net loss per share and have been excluded from the computations above were as follows:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Stock options(1)
1,038,920

 
1,023,375

 
1,016,521

 
1,079,309

Convertible securities(2)

 
2,767,385

 

 
2,750,794

Shares subject to stock purchase warrants(3)

 
761,278

 

 
761,278

 
(1)
Stock options were excluded from the computation of diluted earnings per common share for the three and six months ended June 30, 2016 and 2015 as we reported a net loss available to common shareholders.
(2)
Convertible securities were excluded from the computation of diluted earnings per common share for the three and six months ended June 30, 2015 as we reported a net loss available to common shareholders.
(3)
Stock purchase warrants were excluded from the computation of diluted earnings per common share for the three and six months ended June 30, 2015 because the exercisability of those warrants was conditioned on the happening of certain future events.