XML 87 R23.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

 

NOTE 14: EARNINGS PER SHARE

 

The following table presents reconciliations of the calculations of basic and diluted earnings per share for the years ended December 31, 2014, 2013 and 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Twelve Months Ended

 

December 31,

(In thousands except per share data)

2014

2013

2012

Net income

$
12,125 

$
15,131 

$
15,194 

Weighted average common shares outstanding

 
6,326 

 
6,303 

 
6,259 

Dilutive effect of common stock equivalents

 
18 

 
13 

 
12 

Weighted average common and common equivalent

 

 

 

 

 

 

shares outstanding

 
6,344 

 
6,316 

 
6,271 

Basic earnings per common share

$
1.92 

$
2.40 

$
2.43 

Diluted earnings per common share

$
1.91 

$
2.40 

$
2.42 

 

Basic earnings per common share were computed by dividing net income by the weighted average number of shares of common stock outstanding during the year. The computation of diluted earnings per share excludes the effect of assuming the exercise of certain outstanding stock options because the effect would be anti-dilutive. There were no anti-dilutive options outstanding for 2014, 2013 or 2012.