Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share (Tables)

v3.5.0.2
Earnings per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
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