Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v2.4.1.9
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2015
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):

 

     Three Months Ended  
     Mar 31,
2015		      Mar 31,
2014		  

Basic:

      

Numerator:

      

Net Income

    $ 83       $ 3,535   

Less: Distributed and undistributed income (unvested restricted stock)

      25         38   
  

 

 

     

 

 

  

Net income attributable to common shareholders

 $ 58    $ 3,497   
  

 

 

     

 

 

  

Denominator:

Denominator for basic earnings per share-weighted-average shares

   14,540      14,496   
  

 

 

     

 

 

  

Basic earnings per share - common shareholders

 $ 0.00    $ 0.24   
  

 

 

     

 

 

  

Diluted:

Numerator:

Net Income

 $ 83    $ 3,535   

Less: Distributed and undistributed income (unvested restricted stock)

   25      38   
  

 

 

     

 

 

  

Net income attributable to common shareholders

 $ 58    $ 3,497   
  

 

 

     

 

 

  

Denominator:

Denominator for basic earnings per share-weighted-average shares

   14,540      14,496   

Effect of dilutive securities:

Employee stock options

   —        —     
  

 

 

     

 

 

  

Denominator for dilutive earnings per share-weighted-average shares

   14,540      14,496   
  

 

 

     

 

 

  

Diluted earnings per share - common shareholders

 $ 0.00    $ 0.24