Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY (Tables)

v3.4.0.3
EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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,
 
2016
 
2015
Basic and diluted:
 
 
 
Numerator:
 
 
 
Net Income
$
989

 
$
83

Less: Distributed and undistributed income (unvested restricted stock)
9

 
25

Net income attributable to common shareholders
$
980

 
$
58

Denominator:
 
 
 
Weighted-average shares (1)
14,601

 
14,540

Basic and diluted earnings per share - common shareholders
$
0.07

 
$
—


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(1) We have no dilutive securities.