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Calculations Of Earnings Per Share
 12 Months Ended
Dec. 31, 2012
Earnings per Share [Abstract]  
CALCULATION OF EARNINGS PER SHARE

17.  Calculation Of Earnings Per Share

 

Basic earnings per share (EPS) is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2012

 

 

2011

 

 

2010

 

(Amounts, except earnings per share, in thousands)

 

 

 

 

 

 

 

 

 

Net income

$
3,648 

 

$
4,680 

 

$
4,915 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 
4,231 

 

 
4,241 

 

 
4,297 

 

 

 

 

 

 

 

 

 

Basic earnings per share

$
0.86 

 

$
1.10 

 

$
1.14 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 
4,231 

 

 
4,241 

 

 
4,297 

 

 

 

 

 

 

 

 

 

Common stock equivalents due to effect of stock options

 
2 

 

 
3 

 

 
4 

 

 

 

 

 

 

 

 

 

Total weighted-average common shares and equivalents

$
4,233 

 

$
4,244 

 

$
4,301 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

$
0.86 

 

$
1.10 

 

$
1.14 

 

 

 

 

 

 

 

 

 

Anti-dilutive stock options outstanding

 
79 

 

 
60 

 

 
70