Earnings per share

6 Months Ended

Jun. 30, 2014

Earnings per share [Abstract]

Earnings per share

Note 6 — Earnings per share

Earnings per share are calculated in accordance with ASC Topic 260, which specifies the computation, presentation and disclosure requirements for earnings per share (EPS).  It requires the presentation of basic and diluted EPS.  Basic EPS excludes all dilution and is based upon the weighted average number of common shares outstanding during the period.  Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.

For the three and six months ended June 30, 2014 there was no anti-dilutive stock options outstanding as the Company reported a net loss for both periods.  For the three months ended June 30, 2013, there were 474,000 anti-dilutive stock options outstanding and none outstanding for the six months ended June 30, 2013 as the Company reported a net loss.

The following is a reconciliation of the weighted average shares outstanding for the basic and diluted EPS computations (in thousands, except per share data):

	For the three months ended June 30,			For the three months ended June 30,
	2014			2013
Income (loss) from continuing operations	$	(519	)	$	248
Basic:
Shares outstanding at beginning of period		15,612			15,161
Weighted average shares issued during the period, net		-			10
Weighted average common shares, basic		15,612			15,171
Earnings (loss) from continuing operations per common share, basic	$	(0.03	)	$	0.02
Diluted:
Weighted average common shares, basic		15,612			15,171
Dilutive impact of stock options and restricted stock awards		-			169
Weighted average common shares, diluted		15,612			15,340
Earnings (loss) from continuing operations per common share, diluted	$	(0.03	)	$	0.02

	For the six months ended June 30,			For the six months ended June 30,
	2014			2013
Loss from continuing operations	$	(1,508	)	$	(121	)
Basic:
Shares outstanding at beginning of period		15,473			15,151
Weighted average shares issued during the period, net		-			11
Weighted average common shares, basic		15,473			15,162
Earnings (loss) from continuing operations per common share, basic	$	(0.10	)	$	(0.01	)
Diluted:
Weighted average common shares, basic		15,473			15,162
Dilutive impact of stock options and restricted stock awards		-			-
Weighted average common shares, diluted		15,473			15,162
Earnings (loss) from continuing operations per common share, diluted	$	(0.10	)	$	(0.01	)