BASIC AND DILUTED (LOSS) INCOME PER COMMON SHARE

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

BASIC AND DILUTED (LOSS) INCOME PER COMMON SHARE

11.  BASIC AND DILUTED (LOSS) 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. In periods where the company reported a net loss, diluted net loss per common share is the same as basic net loss per common share for those periods. The following table sets forth the computation of basic and diluted (loss) income per share (in thousands, except per share data):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2017			2016		2017		2016
Numerator:
Net (loss) income	$	(764	)	$	322	$	678	$	1,085
Denominator:
Weighted average basic shares outstanding		8,725			8,700		8,713		8,700
Effect of dilutive securities - equity based compensation plans		—			8		14		8
Net dilutive effect of warrants outstanding		—			—		—		—
Denominator for diluted net (loss) income per common share		8,725			8,708		8,727		8,708
Net (loss) income per common share:
Basic	$	(0.09	)	$	0.04	$	0.08	$	0.12
Diluted	$	(0.09	)	$	0.04	$	0.08	$	0.12
Anti-dilutive securities (excluded from per share calculation):
Equity based compensation plans		397			173		383		173
Warrants		51			51		51		51