Income per Common Share

3 Months Ended

Mar. 31, 2019

Income per Common Share [Abstract]

Income per Common Share

Note I: Income per Common Share

Net income (loss) per share is computed by dividing net income by the daily weighted average number of common shares outstanding during the applicable periods. Diluted net income per share includes the potentially dilutive effect of common shares subject to outstanding stock options and restricted stock awards using the treasury stock method. Under the treasury stock method, shares subject to certain outstanding stock options and restricted stock awards have been excluded from the diluted weighted average shares outstanding calculation because the exercise of those options or the vesting of those restricted stock awards would lead to a net reduction in common shares outstanding. As a result, stock options and restricted stock awards to acquire 23,000 and 83,086 weighted common shares have been excluded from the diluted weighted shares outstanding for the three-month periods ended March 31, 2019 and 2018, respectively.

A reconciliation of net income per share is as follows (in thousands, except per share data): 

	Three-Month  Periods Ended March 31,
	2019		2018
Numerator:
Net income (loss)	$	308	$	(17	)
Denominator:
Weighted average common shares outstanding		5,224		5,181
Dilutive potential common shares		19		—
Shares used in diluted net income per common share calculations		5,243		5,181
Basic net income (loss) per common share	$	0.06	$	(0.00	)
Diluted net income (loss) per common share	$	0.06	$	(0.00	)