Basic and Diluted Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2017

Basic and Diluted Earnings (Loss) Per Common Share [Abstract]

Basic and Diluted Earnings (Loss) Per Common Share

3. Basic and Diluted Earnings (Loss) per Common Share

Basic earnings (loss) per share is based on the weighted average number of outstanding common shares for the period.  Diluted earnings (loss) per share adjusts the weighted average shares outstanding for the potential dilution that could occur if outstanding vested stock options were exercised.

The number of common shares and common share equivalents used in the determination of basic and diluted earnings (loss) per share were as follows:

(in thousands, except for share amounts)	Three months ended
	March 31,
	2017			2016
Numerator:
Net (loss) income	$	(266	)	$	138
Denominator:
Weighted-average shares outstanding for basic (loss) income per share		19,094,382			17,912,045
Effect of dilutive securities:
Stock options and restricted stock units		-			221,697
Adjusted weighted-average shares outstanding and assumed conversions for diluted (loss) income per share		19,094,382			18,133,742
Shares related to dilutive securities excluded because inclusion would be anti-dilutive		564,833			752,042