Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2015

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

3.Earnings (Loss) per Share 

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period.  Diluted earnings (loss) per share is computed using the weighted average number of common shares outstanding and, when dilutive, potential common shares from stock options using the treasury stock method.  Diluted earnings per share excludes the impact of potential common shares related to stock options in periods in which we reported a loss from continuing operations or in which the option exercise price is greater than the average market price of our common stock during the period because the effect would be antidilutive.  A total of 449 thousand common shares issuable upon the potential exercise of outstanding stock options were excluded from the calculation of diluted weighted average number of shares outstanding for the three and nine months ended September 30, 2014, because their effect was antidilutive to our net loss for that period. 

The following table sets forth the calculation of basic and diluted earnings (loss) per share:  

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Net income (loss)	$	1,992	$	(536)	$	2,984	$	(7,543)
Basic weighted-average common
shares outstanding in period		22,469		22,353		22,435		22,228
Dilutive effect of stock options		114		-		123		-
Diluted weighted-average common
shares outstanding in period		22,583		22,353		22,558		22,228
Basic earnings (loss) per common share	$	0.09	$	(0.02)	$	0.13	$	(0.34)
Diluted earnings (loss) per common share	$	0.09	$	(0.02)	$	0.13	$	(0.34)