Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.2.0.727
Earnings Per Share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share  
Earnings Per Share

9.          Basic Earnings Per Share (“EPS”) is calculated by dividing net income attributable to common stockholders by the weighted average number of shares of Common Stock outstanding during the period.  Diluted EPS is calculated by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding, adjusted for potentially dilutive securities including unexercised stock option grants and nonvested shares of restricted stock.

 

A reconciliation of the numerators and denominators of the basic and diluted per share computations follows:

 

 

 

Six months
Ended

 

Three months
ended

 

 

 

June 30,

 

June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$
2,664 

 

$
2,542 

 

$
1,361 

 

$
1,483 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares (Basic)

 
4,665 

 
4,601 

 
4,640 

 
4,664 

 

Dilutive effect of outstanding options and non-vested shares of restricted stock

 
24 

 
64 

 
23 

 
55 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares including assumed conversions (Diluted)

 
4,689 

 
4,665 

 
4,663 

 
4,719 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income per share

 

$
0.57 

 

$
0.55 

 

$
0.29 

 

$
0.32 

 

Diluted income per share

 

$
0.57 

 

$
0.54 

 

$
0.29 

 

$
0.31