Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 6 Months Ended
Jun. 30, 2013
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,

 

 

 

2013

 

2012

 

2013

 

2012

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$

2,560

 

$

2,333

 

$

1,540

 

$

1,304

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares (Basic)

 

4,464

 

4,449

 

4,451

 

4,471

 

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

 

114

 

183

 

106

 

185

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares including assumed conversions (Diluted)

 

4,578

 

4,632

 

4,557

 

4,656

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$

0.57

 

$

0.52

 

$

0.35

 

$

0.29

 

Diluted net income per share

 

$

0.56

 

$

0.50

 

$

0.34

 

$

0.28