XML 38 R22.htm IDEA: XBRL DOCUMENT v3.3.0.814
EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Earnings per share for the three and nine-months ended September 30, 2015 and 2014 are calculated for basic and diluted earnings per share as follows:
 
 
 
Basic
 
Diluted
 
Basic
 
Diluted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended
 
Three months ended
Nine months ended
 
Nine months ended
 
(in thousands, except per share amounts)
 
September 30,
 
September 30,
 
September 30,
 
September 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
Net income
 
$
4,559
 
$
6,746
 
$
4,559
 
$
6,746
 
$
12,499
 
$
7,742
 
$
12,499
 
$
7,742
 
Net income allocated to warrants
 
 
-
 
 
(38)
 
 
-
 
 
(37)
 
 
-
 
 
(43)
 
 
-
 
 
(42)
 
Net income allocated to restricted stock
 
 
(30)
 
 
(47)
 
 
(30)
 
 
(47)
 
 
(82)
 
 
(54)
 
 
(82)
 
 
(54)
 
Net income from continuing operations allocated to common shares
 
$
4,529
 
$
6,661
 
$
4,529
 
$
6,662
 
$
12,417
 
$
7,645
 
$
12,417
 
$
7,646
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic Weighted-Average Shares Outstanding
 
 
11,384
 
 
11,235
 
 
11,384
 
 
11,235
 
 
11,352
 
 
10,824
 
 
11,352
 
 
10,824
 
Dilutive effect of stock options
 
 
 
 
 
 
 
 
179
 
 
67
 
 
 
 
 
 
 
 
207
 
 
41
 
Diluted Weighted-Average Shares Outstanding
 
 
 
 
 
 
 
 
11,563
 
 
11,302
 
 
 
 
 
 
 
 
11,559
 
 
10,865
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings Per Share
 
$
0.40
 
$
0.59
 
$
0.39
 
$
0.59
 
$
1.09
 
$
0.71
 
$
1.07
 
$
0.70