Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.4.0.3
Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

The computation of EPS is as follows:

 

 

 

Three months ended March 31,

 

 

 

2016

 

 

2015

 

Numerator—basic and diluted:

 

 

 

 

 

 

 

 

Net income

 

$

2,365

 

 

$

1,572

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average common shares - basic common stock

 

 

19,827,669

 

 

 

19,167,585

 

Weighted-average common shares - diluted common stock

 

 

20,783,943

 

 

 

20,562,040

 

 

 

 

 

 

 

 

 

 

Net income per share - basic common stock

 

$

0.12

 

 

$

0.08

 

Net income per share - diluted common stock

 

$

0.11

 

 

$

0.08

 

 

 

 

 

 

 

 

 

 

Denominator calculation from basic to diluted:

 

 

 

 

 

 

 

 

Weighted-average common shares - basic common stock

 

 

19,827,669

 

 

 

19,167,585

 

Warrants

 

 

 

 

 

9,649

 

Stock options

 

 

956,274

 

 

 

1,384,806

 

Weighted-average common shares - diluted common stock

 

 

20,783,943

 

 

 

20,562,040

 

Shares excluded from diluted weighted-average shares:

 

 

 

 

 

 

 

 

Stock options

 

 

773,033

 

 

 

110,000

 

Shares excluded from diluted weighted-average shares

 

 

773,033

 

 

 

110,000