Net (Loss) Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Basic net (loss) income per common share
Net loss	$	(1,514	)	$	(376	)	$	(742	)	$	(1,817	)
Add: Excess of carrying value of Series C Preferred    Stock over redemption value		—			459						459
Less: Preferred stock dividends		—			(7	)		—			(14	)
Net (loss)income applicable to common    stock	$	(1,514	)	$	76		$	(742	)	$	(1,372	)
Basic weighted average number of common    shares outstanding		11,103			10,803			11,023			10,803
Basic net (loss) income per common share	$	(0.14	)	$	0.01		$	(0.07	)	$	(0.13	)
Diluted income (loss) per common share
Net (loss) income applicable to common    stock	$	(1,514	)	$	76		$	(742	)	$	(1,372	)
Less: Excess of carrying value of Series C Preferred    Stock over redemption value		—			(459	)		—			—
Add: Preferred stock dividends		—			7			—			—
Net loss applicable to dilutive    common stock	$	(1,514	)	$	(376	)	$	(742	)	$	(1,372	)
Basic weighted average number of common    shares outstanding		11,103			10,803			11,023			10,803
Effect of dilutive securities
Dilutive stock awards		—			40			—			—
Dilutive preferred share conversion					111
		—			151			—			—
Diluted weighted average number of common    shares outstanding		11,103			10,954			11,023			10,803
Diluted net (loss) income per common share	$	(0.14	)	$	(0.03	)	$	(0.07	)	$	(0.13	)