Note 3 - Net Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

3

– Net Income (loss) Per Common Share

Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per common share is computed using the treasury stock method to compute the weighted average common stock outstanding assuming the conversion of potential dilutive common shares.

The following table presents a reconciliation of the denominators used in the computation of net income (loss) per common share – basic, and net income (loss) per common share – diluted, for the

three

-months ended

March

31,

2017

and

2016

(expressed in thousands):

	Three Months Ended
	March 31,
	2017		2016
Weighted shares of common stock outstanding - basic		5,856		5,797
Dilutive impact of share-based awards		-		19
Weighted shares of common stock outstanding - diluted		5,856		5,816

Outstanding stock options totaling

797,294

and

666,235

for the

three

-months ended

March

31,

2017

and

2016

respectively, were excluded from the net income (loss) per common share calculation because the shares would be anti-dilutive.