Net Loss Per Common Share

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Net Income Per Common Share

Basic earnings per common share exclude all common stock equivalents, primarily restricted stock awards, and is computed using the weighted average number of common shares outstanding during the period. The diluted earnings per common share calculation reflects the potential dilutive effect of securities that could share in earnings of the Company. As of June 30, 2018, there are no outstanding stock options. For periods prior to June 30, 2018 outstanding options were excluded from the diluted earnings per share calculation when they would have an anti-dilutive effect. Earnings per share are calculated as follows (in thousands, except earnings per share):

	Three Months Ended    June 30,
	2018		2017
Basic income per share
Net income	$	691	$	711
Weighted average shares outstanding	5,080		5,045
Basic income per share	$	0.14	$	0.14
Diluted income per share
Net income	$	691	$	711
Weighted average shares outstanding	5,080		5,045
Dilutive effect of stock options and restricted stock	24		50
Total weighted average shares outstanding	5,104		5,095
Diluted income per share	$	0.14	$	0.14

	Six Months Ended   June 30,
	2018		2017
Basic income per share
Net income	$	270	$	1,569
Weighted average shares outstanding	5,076		5,026
Basic income per share	$	0.05	$	0.31
Diluted income per share
Net income	$	270	$	1,569
Weighted average shares outstanding	5,076		5,026
Dilutive effect of stock options and restricted stock	25		39
Total weighted average shares outstanding	5,101		5,065
Diluted income per share	$	0.05	$	0.31