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Earnings per Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings per Share  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

 

March 31,

 

 

 

2016

 

2015

 

Basic earnings per common share

 

 

 

 

 

 

 

Net income

 

$

5,278

 

$

383

 

Less income allocated to participating securities

 

 

70

 

 

5

 

Net income allocated to common shareholders

 

$

5,208

 

$

378

 

Weighted average common shares outstanding

 

 

22,417,337

 

 

22,247,802

 

 

 

$

0.23

 

$

0.02

 

 

 

 

 

 

 

 

 

Earnings per common share assuming dilution

 

 

 

 

 

 

 

Net income

 

$

5,278

 

$

383

 

Less income allocated to participating securities

 

 

70

 

 

5

 

Net income allocated to common shareholders

 

$

5,208

 

$

378

 

Weighted average common shares outstanding

 

 

22,417,337

 

 

22,247,802

 

Incremental shares applicable to stock based compensation

 

 

 -

 

 

21,220

 

Weighted average common shares assuming dilution

 

 

22,417,337

 

 

22,269,022

 

 

 

$

0.23

 

$

0.01