Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v2.4.0.8
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 6 – EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

 

     March 31,
2014		      March 31,
2013		  

Basic:

      

Numerator:

      

Net income

    $ 3,535       $ 2,787   

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

      38         24   
  

 

 

     

 

 

  

Net income attributable to common shareholders

    $ 3,497       $ 2,763   
  

 

 

     

 

 

  

Denominator:

      

Denominator for basic earnings per share-weighted-average shares

      14,496         14,455   
  

 

 

     

 

 

  

Basic earnings per share - common shareholders

    $ 0.24       $ 0.19   
  

 

 

     

 

 

  

Diluted:

      

Numerator:

      

Net Income

    $ 3,535       $ 2,787   

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

      38         24   
  

 

 

     

 

 

  

Net income attributable to common shareholders

    $ 3,497       $ 2,763   
  

 

 

     

 

 

  

Denominator:

      

Denominator for basic earnings per share-weighted-average shares

      14,496         14,455   

Effect of dilutive securities:

      

Employee stock options

      —           6   
  

 

 

     

 

 

  

Denominator for dilutive earnings per share-weighted-average shares

      14,496         14,461   
  

 

 

     

 

 

  

Diluted earnings per share - common shareholders

    $ 0.24       $ 0.19