BASIC AND DILUTED INCOME PER COMMON SHARE

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

BASIC AND DILUTED INCOME PER COMMON SHARE

11. BASIC AND DILUTED INCOME PER COMMON SHARE

Basic and diluted income per common share is calculated based on the weighted average number of shares outstanding during the period. The Company’s employee and director stock option awards, as well as incremental shares issuable upon exercise of warrants, are not considered in the calculations if the effect would be anti-dilutive. The following table sets forth the computation of basic and diluted income per share (in thousands, except per share data): 

	Three Months Ended March 31,
	2017		2016
Numerator:
Net income	$	133	$	569
Denominator:
Weighted average basic shares outstanding		8,702		8,700
Effect of dilutive securities - equity based compensation plans		32		9
Net dilutive effect of warrants outstanding		3		—
Denominator for diluted net income per common share		8,737		8,709
Net income per common share:
Basic	$	0.02	$	0.07
Diluted	$	0.02	$	0.07
Anti-dilutive securities (excluded from per share calculation):
Equity based compensation plans		146		314
Warrants		—		51