EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2018

NOTE 4-EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period, plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method.

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended
	March 31,
	2018		2017
	(in thousands, except per share data)

Net income	$	118	$	364

Comprehensive income	$	203	$	375

Weighted average outstanding shares of common stock		7,328		7,328
Dilutive potential common shares from stock options and restricted stock units		88		84
Common stock and common stock equivalents		7,416		7,412

Earnings per share, basic and diluted	$	0.02	$	0.05

Comprehensive income per share: basic and diluted	$	0.03	$	0.05

Shares subject to anti-dilutive stock options and restricted stock-based awards excluded from calculation		49		92