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Net Income (Loss) Per Common Share (Tables)
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Income (Loss) Per Common Share and Common Share Equivalents

The calculation of basic and diluted income (loss) per common share and common share equivalents is as follows (in thousands except for per share data):

 

 

 

Three Months Ended

March 31,

 

 

 

2018

 

 

2017

 

Basic net income (loss) per common share

 

 

 

 

 

 

 

 

Net income (loss)

 

$

772

 

 

$

(1,441

)

Less: Preferred stock dividends

 

 

 

 

 

(7

)

Net income (loss) applicable to common

   stock

 

$

772

 

 

$

(1,448

)

Basic weighted average number of common

   shares outstanding

 

 

10,943

 

 

 

10,803

 

Basic net income (loss) per common share

 

$

0.07

 

 

$

(0.13

)

Diluted income (loss) per common share

 

 

 

 

 

 

 

 

Net income (loss) applicable to common

   stock

 

$

772

 

 

$

(1,448

)

Add: Preferred stock dividends

 

 

 

 

 

7

 

Net income (loss) applicable to dilutive

   common stock

 

$

772

 

 

$

(1,441

)

Basic weighted average number of common

   shares outstanding

 

 

10,943

 

 

 

10,803

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

Dilutive stock awards

 

 

1,344

 

 

 

 

Diluted weighted average number of common

   shares outstanding

 

 

12,287

 

 

 

10,803

 

Diluted net income (loss) per common share

 

$

0.06

 

 

$

(0.13

)