Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) Per Share

Basic earnings (loss) per share are based on the weighted average number of common shares outstanding during each period. Diluted earnings per share are based on the weighted average number of common shares outstanding and the effect of all dilutive common stock equivalents during each period. The exercise price for certain stock options awarded by the Company exceeds the average market price of the Company's common stock. Such stock options are antidilutive and are not included in the computation of earnings (loss) per share. In the three months ended periods of March 31, 2015 and March 31, 2014, no potential common stock equivalents were included as the effect of such would be anti-dilutive. For the three month periods ended March 31, 2015 and 2014, we had 1,991,787 and 2,051,743 securities, respectively, that were potentially dilutive in future earnings per share calculations. Such dilution will be dependent on the excess of the market price of our stock over the exercise price and other components of the treasury stock method.

The following table reconciles the denominators used in the computations of both basic and diluted loss per share:

	Three months ended March 31,
	2015	2014
Basic:
Weighted average shares outstanding	27,604,681	27,397,877
Diluted:
Total basic weighted average shares outstanding	27,604,681	27,397,877
Effect of dilutive securities:
Common stock options	—	—
Total weighted average shares outstanding assuming dilution	27,604,681	27,397,877
Anti-dilutive stock options	955,479	794,133
Shares of common stock issued from the exercise of stock options	3,970	21,014