| Computation of Earnings Per Share |
The computation of EPS is as follows:
|
|
|
Three months ended September 30,
|
|
|
Nine months ended September 30,
|
|
|
|
|
2016
|
|
|
2015
|
|
|
2016
|
|
|
2015
|
|
|
Numerator—basic and diluted:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
3,455
|
|
|
$
|
2,696
|
|
|
$
|
10,962
|
|
|
$
|
7,727
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average common shares - basic common stock
|
|
|
20,157,688
|
|
|
|
19,428,653
|
|
|
|
19,986,544
|
|
|
|
19,303,057
|
|
|
Weighted-average common shares - diluted common stock
|
|
|
21,100,725
|
|
|
|
20,783,550
|
|
|
|
20,924,022
|
|
|
|
20,690,499
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per share - basic common stock
|
|
$
|
0.17
|
|
|
$
|
0.14
|
|
|
$
|
0.55
|
|
|
$
|
0.40
|
|
|
Net income per share - diluted common stock
|
|
$
|
0.16
|
|
|
$
|
0.13
|
|
|
$
|
0.52
|
|
|
$
|
0.37
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator calculation from basic to diluted:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average common shares - basic common stock
|
|
|
20,157,688
|
|
|
|
19,428,653
|
|
|
|
19,986,544
|
|
|
|
19,303,057
|
|
|
Warrants
|
|
|
—
|
|
|
|
15,122
|
|
|
|
—
|
|
|
|
15,102
|
|
|
Stock options
|
|
|
943,037
|
|
|
|
1,339,775
|
|
|
|
937,478
|
|
|
|
1,372,340
|
|
|
Weighted-average common shares - diluted common stock
|
|
|
21,100,725
|
|
|
|
20,783,550
|
|
|
|
20,924,022
|
|
|
|
20,690,499
|
|
|
Shares excluded from diluted weighted-average shares:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options
|
|
|
663,175
|
|
|
|
627,688
|
|
|
|
1,284,424
|
|
|
|
629,136
|
|
|
Shares excluded from diluted weighted-average shares
|
|
|
663,175
|
|
|
|
627,688
|
|
|
|
1,284,424
|
|
|
|
629,136
|
|
|