Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

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