Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 9 Months Ended
Sep. 30, 2014
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:

 

 

 

Nine months
Ended

 

Three months
ended

 

 

 

September 30,

 

September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$
3,911 

 

$
3,890 

 

$
1,370 

 

$
1,330 

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares (Basic)

 
4,639 

 
4,457 

 
4,716 

 
4,442 

 

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

 
46 

 
111 

 
20 

 
109 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares including assumed conversions (Diluted)

 
4,685 

 
4,568 

 
4,736 

 
4,551 

 

 

 

 

 

 

 

 

 

 

 

Basic income per share

 

$
0.84 

 

$
0.87 

 

$
0.29 

 

$
0.30 

 

Diluted income per share

 

$
0.83 

 

$
0.85 

 

$
0.29 

 

$
0.29