Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

v3.5.0.2
EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY
EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY
Earnings per Share:
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Basic and diluted:
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
Net Income
$
5,540

 
$
1,357

 
$
6,529

 
$
1,440

Less: Distributed and undistributed income (unvested restricted stock)
60

 
24

 
68

 
48

Net income attributable to common shareholders
$
5,480

 
$
1,333

 
$
6,461

 
$
1,392

Denominator:
 
 
 
 
 
 
 
Weighted-average shares (1)
14,631

 
14,540

 
14,616

 
14,540

Basic and diluted earnings per share - common shareholders
$
0.37

 
$
0.09

 
$
0.44

 
$
0.10


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(1) We have no dilutive securities.