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Income Per Share
 3 Months Ended
Mar. 31, 2015
Income Per Share [Abstract]  
Income Per Share

11. Income Per Share

 

The following table presents a reconciliation between basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31, 2015

 

 

March 31, 2014

Numerator:

 

 

 

 

 

Income before  discontinued operations

$
284 

 

$
787 

Loss from discontinued operations, net of income taxes (note 4)

 

 -

 

 
(270)

Net income

$
284 

 

$
517 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

Basic – weighted shares outstanding

 
5,849 

 

 
5,729 

Weighted shares assumed upon exercise of stock options

 
378 

 

 
130 

Diluted – weighted shares outstanding

 
6,227 

 

 
5,859 

 

 

 

 

 

 

Basic income (loss) per share:

 

 

 

 

 

Continuing operations

$
0.05 

 

$
0.14 

Discontinued operations

 

 -

 

 
(0.05)

  Net income per share:

$
0.05 

 

$
0.09 

 

 

 

 

 

 

Diluted income (loss) per share:

 

 

 

 

 

Continuing operations

$
0.05 

 

$
0.14 

Discontinued operations

 

 -

 

 
(0.05)

  Net income per share:

$
0.05 

 

$
0.09 

 

The dilutive impact summarized above relates to the periods when the average market price of Company stock exceeded the exercise price of the potentially dilutive option securities granted. Earnings per common share was based on the weighted average number of common shares outstanding during the periods when computing the basic earnings per share. When dilutive, stock options are included as equivalents using the treasury stock method when computing the diluted earnings per share. Individual components of basic and diluted income (loss) per share may not sum to the total income (loss) per share due to rounding.