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Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
NET INCOME (LOSS) PER SHARE:
Net income (loss) per basic share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Net income per diluted share is computed by dividing net income by the weighted average number of common and common equivalent shares outstanding during the period. Common equivalent shares consist of common shares to be issued upon exercise of stock options, vesting of restricted stock units and from the purchase of shares under our Employee Stock Purchase Plan, as calculated using the treasury stock method. Net loss per diluted share is calculated by dividing net loss by the weighted average number of common shares outstanding during the period. Common equivalent shares are excluded from the calculation of net loss per diluted share due to their anti-dilutive effect. The components of net income (loss) per basic and diluted share are as follows:
(In thousands except per share amounts)
 
Net Income
 
Weighted Average
Shares Outstanding
 
Per Share Amount
Three Months Ended June 30, 2016
 
 

 
 

 
 

Basic
 
$
2,041

 
6,803

 
$
0.30

Dilutive effect of common equivalent shares
 
—

 
248

 
(0.01
)
Dilutive
 
$
2,041

 
7,051

 
$
0.29

(In thousands except per share amounts)
 
Net Loss
 
Weighted Average
Shares Outstanding
 
Per Share Amount
Three Months Ended June 30, 2015
 
 

 
 

 
 

Basic
 
$
(761
)
 
6,688

 
$
(0.11
)
Dilutive effect of common equivalent shares
 
—

 
—

 
—

Dilutive
 
$
(761
)
 
6,688

 
$
(0.11
)

(In thousands except per share amounts)
 
Net Income
 
Weighted Average
Shares Outstanding
 
Per Share Amount
Six Months Ended June 30, 2016:
 
 

 
 

 
 

Basic
 
$
4,304

 
6,790

 
$
0.63

Dilutive effect of common equivalent shares
 
—

 
153

 
(0.01
)
Dilutive
 
$
4,304

 
6,943

 
$
0.62

(In thousands except per share amounts)
 
Net Loss
 
Weighted Average
Shares Outstanding
 
Per Share Amount
Six Months Ended June 30, 2015:
 
 

 
 

 
 

Basic
 
$
(1,542
)
 
6,682

 
$
(0.23
)
Dilutive effect of common equivalent shares
 
—

 
—

 
—

Dilutive
 
$
(1,542
)
 
6,682

 
$
(0.23
)

Potentially dilutive shares excluded from the calculations of net income (loss) per diluted share due to their anti-dilutive effect were as follows: 16,000 shares in the three months ended June 30, 2016; 197,500 shares in the six months ended June 30, 2016; 559,000 shares in the three months ended June 30, 2015 and 566,000 shares in the six months ended June 30, 2015.