Weighted-Average Number of Shares Used in Computing Earnings Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Weighted-Average Number of Shares Used in Computing Earnings Per Share

Weighted-Average Number of Shares Used in Computing Earnings Per Share

The following table sets forth the weighted-average number of shares used in the computation of earnings per share:

	Three Months Ended March 31,
	2015	2014
	(In whole shares)
Weighted average basic shares outstanding	12,165,884	12,023,453
Plus dilutive impact of employee stock awards	257,574	307,567
Weighted average diluted shares outstanding	12,423,458	12,331,020

Earnings per common share is computed as net income less net income attributable to noncontrolling interests divided by the weighted average basic shares outstanding. Diluted earnings per common share is computed as net income less net income attributable to noncontrolling interests divided by the weighted average diluted shares outstanding.

Outstanding stock options with exercise prices greater than the average price of the common shares are anti-dilutive and are excluded in the computation of diluted earnings per share. For the three months ended March 31, 2015 and 2014, there were no anti-dilutive shares.