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Net Income (Loss) Per Common Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Reconciliation of the Numerators and Denominators of Basic and Diluted Net Income (Loss) Per Common Share

The following is a reconciliation of the numerators and denominators of basic and diluted net income (loss) per common share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) used to compute net income (loss) per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(6,016

)

 

$

1,168

 

 

$

(9,279

)

 

$

(7,988

)

Adjustment for change in fair value of liability classified stock options

 

 

(58

)

 

 

(2,244

)

 

 

(100

)

 

 

 

Diluted

 

$

(6,074

)

 

$

(1,076

)

 

$

(9,379

)

 

$

(7,988

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

14,408,108

 

 

 

14,241,827

 

 

 

14,401,054

 

 

 

14,227,203

 

Adjustment for dilutive effect of stock options

 

 

26,494

 

 

 

888,151

 

 

 

27,106

 

 

 

 

Diluted

 

 

14,434,602

 

 

 

15,129,978

 

 

 

14,428,160

 

 

 

14,227,203

 

Net income (loss) per common share - basic

 

$

(0.42

)

 

$

0.08

 

 

$

(0.64

)

 

$

(0.56

)

Net loss per common share - diluted

 

$

(0.42

)

 

$

(0.07

)

 

$

(0.65

)

 

$

(0.56

)