Basic and Diluted Net Income (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Allocation for Net Income (Loss) Available to Stockholders

The following table sets forth the allocation for net income (loss) available to stockholders for the three- and six-month periods ended June 30, 2018 and 2017 (in thousands):

	Three-Months Ended				Six-Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Numerator
Net income (loss)	$	(1,998)	$	2,567	$	(5,367)	$	(8,271)

Allocation of net income (loss) to Class A and B common stockholders and Series C convertible preferred stockholders for basic net income (loss) per share:
Class A common stockholders	$	(1,152)	$	1,472	$	(3,090)	$	(4,742)
Class B common stockholders		(639)		827		(1,719)		(2,664)
Series C convertible preferred stockholder		(207)		268		(558)		(865)
Total	$	(1,998)	$	2,567	$	(5,367)	$	(8,271)

Summary of Weighted Shares Outstanding Utilized in Determining Denominator for Basic and Diluted Earnings Per Share

The following table set forth the weighted shares outstanding utilized in determining the denominator for the basic and diluted earnings per share for the three- and six-month periods ended June 30, 2018 and 2017:

	Three-Months Ended					Six-Months Ended
	June 30,					June 30,
	2018		2017			2018			2017
Denominator – weighted average as converted
Class A common shares outstanding - basic		4,217			4,167			4,209			4,167
Class B common shares outstanding – basic		2,340		2,340			2,340			2,340
Series C convertible shares outstanding – basic		760		760			760			760
Total basic weighted average shares outstanding		7,317		7,267			7,309			7,267

Effect of dilutive equity instruments		—		—			—			—
Total diluted weighted average shares outstanding		7,317		7,267			7,309			7,267
Options to purchase shares of common stock and other stock-based awards outstanding which are not included in the calculation of diluted net income per share because their impact is anti-dilutive		408		408			418			399

Summary of Calculated Net Income (Loss) Per Share

The following table sets forth the Company’s calculated net income (loss) per share for the three- and six-month periods ended June 30, 2018 and 2017:

	Three-Months Ended				Six-Months Ended
	June 30,				June 30,
	2018		2017		2018		2017
Basic net income (loss) per share allocated to stockholders:
Class A common stockholders	$	(0.27)	$	0.35	$	(0.73)	$	(1.14)
Class B common stockholders	$	(0.27)	$	0.35	$	(0.73)	$	(1.14)
Series C convertible preferred stockholder	$	(0.27)	$	0.35	$	(0.73)	$	(1.14)