Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v2.4.0.6
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2013
EARNINGS PER SHARE

NOTE 5 – 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  
     March 31,
2013		      March 31,
2012		  

Basic:

      

Numerator:

      

Net Income

    $ 2,787       $ 6,779   

Less: Distributed loss/distributed and undistributed income (unvested restricted stock)

      24         77   
  

 

 

     

 

 

  

Net income attributable to common shareholders

    $ 2,763       $ 6,702   
  

 

 

     

 

 

  

Denominator:

      

Denominator for basic earnings per share-weighted-average shares

      14,455         14,381   
  

 

 

     

 

 

  

Basic earnings per share - common shareholders

    $ 0.19       $ 0.47   
  

 

 

     

 

 

  

Diluted:

      

Numerator:

      

Net Income

    $ 2,787       $ 6,779   

Less: Distributed loss/distributed and undistributed income (unvested restricted stock)

      24         77   
  

 

 

     

 

 

  

Net income attributable to common shareholders

    $ 2,763       $ 6,702   
  

 

 

     

 

 

  

Denominator:

      

Denominator for basic earnings per share-weighted-average shares

      14,455         14,381   

Effect of dilutive securities:

      

Employee stock options

      6         27   
  

 

 

     

 

 

  

Denominator for dilutive earnings per share-weighted-average shares

      14,461         14,408   
  

 

 

     

 

 

  

Diluted earnings per share - common shareholders

    $ 0.19       $ 0.47