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Income (Loss) per Common Share
 6 Months Ended
Jun. 30, 2016
Income (Loss) per Common Share [Abstract]  
Income (Loss) per Common Share

Note J: Income (Loss) per Common Share

Net income (loss) per share is computed by dividing net income (loss) by the daily weighted average number of common shares outstanding during the applicable periods. Diluted net income (loss) per share includes the potentially dilutive effect of common shares subject to outstanding stock options using the treasury stock method. Under the treasury stock method, shares subject to certain outstanding stock options have been excluded from the diluted weighted average shares outstanding calculation because the exercise of those options would lead to a net reduction in common shares outstanding. As a result, stock options to acquire 296,640 and 351,000 weighted common shares have been excluded from the diluted weighted shares outstanding for the three-month periods ended June 30, 2016 and 2015, respectively, and 300,271 and 557,000 weighted common shares have been excluded from the diluted weighted shares outstanding for the six-month periods ended June 30, 2016 and 2015, respectively.

 

 

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

 

 

Three-Month Periods Ended
June 30,

 

Six-Month Periods Ended
June 30,

 

2016

 

2015

 

2016

 

2015

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Net income from continuing operations

$

           1,193

 

$

              655

 

$

              901

 

$

              387

Net loss from discontinued operations

$

               -

 

$

         (1,397)

 

$

               -

 

$

         (2,296)

Net income (loss) from continuing operations

$

           1,193

 

$

            (742)

 

$

              901

 

$

         (1,909)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

           5,041

 

 

           5,008

 

 

           5,035

 

 

           5,003

Dilutive potential common shares

 

               -

 

 

               -

 

 

               -

 

 

               -

Shares used in diluted net loss per common share calculations

 

           5,041

 

 

           5,008

 

 

           5,035

 

 

           5,003

 

 

 

 

 

 

 

 

 

 

 

 

Basic net earnings (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

             0.24

 

$

             0.13

 

$

             0.18

 

$

             0.08

Discontinued operations

$

                -  

 

$

           (0.28)

 

$

                -  

 

$

           (0.46)

Net basic earnings (loss) per share

$

             0.24

 

 

           (0.15)

 

$

             0.18

 

 

           (0.38)

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net earnings (loss) per common share

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

             0.24

 

$

             0.13

 

$

             0.18

 

$

             0.08

Discontinued operations

$

                -  

 

$

           (0.28)

 

$

                -  

 

$

           (0.46)

Net diluted earnings (loss) per share

$

             0.24

 

$

           (0.15)

 

$

             0.18

 

$

           (0.38)