4. Earnings Per Share

9 Months Ended

Sep. 30, 2015

Net income per share

4. Earnings Per Share

Basic net income per share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share has been computed using the weighted-average number of shares of common stock and dilutive potential common shares from stock options, restricted stock units/awards and warrants outstanding during the period.

The following table sets forth the computation of the basic and diluted net loss per share for the periods indicated (in thousands, except per share amounts):

	Three months ended September 30,				Nine months ended September 30,
	2015		2014		2015		2014
Numerator:
Net income	$	2,700	$	1,577	$	8,114	$	3,581
Denominator:
Weighted average shares used to
compute net income per share
Basic		15,869		14,806		15,220		14,135
Effect of dilutive options and warrants		825		789		965		815
Diluted		16,694		15,595		16,185		14,950
Net income per share
Basic	$	0.17	$	0.11	$	0.53	$	0.25
Diluted	$	0.16	$	0.10	$	0.50	$	0.24

There were no securities that were excluded from the computation of diluted net income per share.