Income (Loss) per Common Share

3 Months Ended

Mar. 31, 2017

Income (Loss) per Common Share [Abstract]

Income (Loss) per Common Share

Note I: 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 125,222 and 278,500 weighted common shares have been excluded from the diluted weighted shares outstanding for the three-month periods ended March 31, 2017 and 2016, respectively.

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

	Three-Month Periods Ended March 31,
	2017		2016
Numerator:
Net income (loss)	$	197	$	(292)
Denominator:
Weighted average common shares outstanding		5,096		5,030
Dilutive potential common shares		-		-
Shares used in diluted net loss per common share calculations		5,096		5,030
Basic net income (loss) per common share	$	0.04	$	(0.06)
Diluted net income (loss) per common share	$	0.04	$	(0.06)