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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2016
EARNINGS PER SHARE  
EARNINGS PER SHARE

3.EARNINGS PER SHARE

 

Diluted earnings per share, which reflects the potential dilution that could occur if outstanding stock options were exercised and stock awards were fully vested and resulted in the issuance of common stock that then shared in our earnings, is computed by dividing net income by the weighted average number of common shares outstanding and common stock equivalents, after giving effect for dilutive shares issued.

 

The following shows the computation of basic and diluted earnings per share for the three and six months ended June 30, 2016 and 2015 (dollars in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

    

2016

    

2015

    

2016

    

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Numerator):

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$
(125)

 

$
1,614

 

$
1,007

 

$
2,985

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Denominator):

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 
6,227,730

 

 
6,247,004

 

 
6,220,906

 

 
6,251,713

 

Effect of dilutive stock options, and vesting of restricted stock units

 

 
28,656

 

 
42,594

 

 
20,461

 

 
27,514

 

Diluted weighted average shares outstanding

 

 
6,256,386

 

 
6,289,598

 

 
6,241,367

 

 
6,279,227

 

Income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$
(0.02)

 

$
0.26

 

$

.16

 

$

.48

 

Diluted

 

$
(0.02)

 

$
0.26

 

$

.16

 

$

.48