Year ended December 31,

2015

2014

2013

(in thousands, except per share data)

Numerator:

Net income (loss)

$

10,793

$

4,283

$

(1,406

)

Denominator:

Weighted average shares used to

compute net income (loss) per share

Basic

15,627

14,307

9,965

Effective of dilutive options, restricted stock units and warrants

906

880

–

Diluted

16,533

15,187

9,965

Net income (loss) per share

Basic

$

0.69

$

0.30

$

(0.14

)

Diluted

$

0.65

$

0.28

$

(0.14

)