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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2016
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 5-EARNINGS PER SHARE

 

Basic earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period.  Diluted earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding during the period, plus the dilutive effect of outstanding stock options and restricted stock-based awards using the treasury stock method.  The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Year Ended

 

 

 

December 31, 

 

 

    

2016

    

2015

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Net income

 

$
2,893

 

$
1,731

 

 

 

 

 

 

 

 

 

Comprehensive income

 

$
2,816

 

$
1,710

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock

 

 
7,327

 

 
7,325

 

Dilutive potential common shares from stock options and restricted stock units

 

 
80

 

 
55

 

Common stock and common stock equivalents

 

 
7,407

 

 
7,380

 

 

 

 

 

 

 

 

 

Earnings per share, basic and diluted

 

$
0.39

 

$
0.23

 

 

 

 

 

 

 

 

 

Comprehensive income per share: basic and diluted

 

$
0.38

 

$
0.23

 

 

 

 

 

 

 

 

 

Shares subject to anti-dilutive stock options and restricted stock-based awards excluded from calculation

 

 
96

 

 
126