Net Earnings Per Share

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Net Earnings Per Share

9. Net Earnings Per Share

Net earnings per share is computed by dividing net income by the weighted average number of common shares and common share equivalents outstanding during the periods presented. In calculating diluted earnings per share, those potential common shares that are found to be anti-dilutive are excluded from the calculation. The table below provides a summary of the numerators and denominators used in determining basic and diluted earnings per share for the three and six months ended June 30, 2017 and 2016.

	Three months ended June 30,				Six months ended June 30,
	2017		2016		2017		2016
Basic and Diluted:
Net income	$	921	$	1,340	$	1,167	$	225
Weighted average common shares outstanding		5,956,766		6,097,043		5,956,766		6,104,061
Earnings per common share	$	0.15	$	0.22	$	0.20	$	0.04

The following potentially dilutive securities outstanding as of June 30, 2017 and 2016 have been excluded from the computation of diluted weighted-average shares outstanding as their effect would be anti-dilutive.

	As of June 30,
	2017		2016
Options to purchase common stock		177,456		210,489
Warrants to purchase common stock		1,906,875		1,906,875
Restricted stock units		20,500		20,500
Performance shares		475,000		475,000
		2,579,831		2,612,864