| 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):
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Three Months Ended |
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Six Months Ended |
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June 30,
2015 |
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June 30,
2014 |
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June 30,
2015 |
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June 30,
2014 |
Basic: |
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Numerator: |
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Net Income |
$ |
1,357 |
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$ |
4,310 |
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$ |
1,440 |
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$ |
7,845 |
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Less: Distributed and undistributed income (unvested restricted stock) |
24 |
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44 |
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48 |
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80 |
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Net income attributable to common shareholders |
$ |
1,333 |
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$ |
4,266 |
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$ |
1,392 |
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$ |
7,765 |
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Denominator: |
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Denominator for basic earnings per share-weighted-average shares |
14,540 |
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14,500 |
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14,540 |
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|
14,498 |
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Basic earnings per share - common shareholders |
$ |
0.09 |
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$ |
0.30 |
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$ |
0.10 |
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$ |
0.54 |
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Diluted: |
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Numerator: |
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Net Income |
$ |
1,357 |
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$ |
4,310 |
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$ |
1,440 |
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$ |
7,845 |
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Less: Distributed and undistributed income (unvested restricted stock) |
24 |
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44 |
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48 |
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|
80 |
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Net income attributable to common shareholders |
$ |
1,333 |
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$ |
4,266 |
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$ |
1,392 |
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$ |
7,765 |
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Denominator: |
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Denominator for basic earnings per share-weighted-average shares |
14,540 |
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|
14,500 |
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14,540 |
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14,498 |
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Effect of dilutive securities: |
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Employee stock options |
— |
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— |
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— |
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— |
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Denominator for dilutive earnings per share-weighted-average shares |
14,540 |
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14,500 |
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14,540 |
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14,498 |
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Diluted earnings per share - common shareholders |
$ |
0.09 |
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$ |
0.30 |
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$ |
0.10 |
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$ |
0.54 |
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