Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v2.4.1.9
Net Loss Per Share
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss Per Share
Basic net loss per share is computed by dividing the net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed by using the weighted average number of common shares outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options and restricted stock using the treasury stock method. Weighted average shares from common share equivalents in the amount of 1,969,119 and 1,597,747 were excluded from the dilutive shares outstanding because their effect was anti-dilutive for the three months ended March 31, 2015 and 2014, respectively.
The following table presents the calculation of basic and diluted net loss per share:
 
 
 
Three Months Ended 
 March 31,
 
 
 
 
 
2015
 
2014
 
 
 
 
 
(in thousands, except per share amounts)
Numerator:
 
 
 
 
 
 
 
Net loss
 
 
 
 
$
(1,608
)
 
$
(836
)
Denominator:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Weighted average common shares used in computing basic net loss per share
 
 
 

76,956


76,722

Diluted:
 
 
 
 
 
 
 
Add weighted average effect of dilutive securities:
 
 
 
 
 
 
 
   Stock options and restricted stock
 
 
 
 

 

Weighted average common shares used in computing diluted net loss per share
 
 
 

76,956


76,722

Net loss share:
 
 
 
 
 
 
 
Basic
 
 
 
 
$
(0.02
)
 
$
(0.01
)
Diluted
 
 
 
 
$
(0.02
)
 
$
(0.01
)