| Basic and diluted earnings per share |
| |
|
Three
Months Ended |
|
|
Nine
Months Ended |
|
| |
|
September
30, |
|
|
September
30, |
|
| (in
thousands, except per share data) |
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net
income (loss) available to common shareholders |
|
$ |
(964 |
) |
|
$ |
(1,587 |
) |
|
$ |
(3,428 |
) |
|
$ |
9,771 |
|
| Effect
of dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative
liability - warrants |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
(1,800 |
) |
| Accretion
on convertible preferred stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
222 |
|
| Numerator
for diluted income (loss) per common share |
|
$ |
(964 |
) |
|
$ |
(1,587 |
) |
|
$ |
(3,428 |
) |
|
$ |
8,193 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted
average shares used to compute basic income (loss) per common share |
|
|
27,075 |
|
|
|
27,051 |
|
|
|
27,059 |
|
|
|
23,414 |
|
| Effect
of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Derivative
liability - warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
54 |
|
| Convertible
preferred stock |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
2,862 |
|
| Stock
options |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
16 |
|
| Denominator
for diluted income (loss) per common share |
|
|
27,075 |
|
|
|
27,051 |
|
|
|
27,059 |
|
|
|
26,346 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic
income (loss) per common share |
|
$ |
(0.04 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.13 |
) |
|
$ |
0.42 |
|
| Diluted
income (loss) per common share |
|
$ |
(0.04 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.13 |
) |
|
$ |
0.31 |
|
|