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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2017
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:

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31, 

 

 

    

2017

    

2016

    

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Net income

 

$

364

 

$

606

 

 

 

 

 

 

 

 

 

Comprehensive income

 

$

375

 

$

610

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock

 

 

7,328

 

 

7,326

 

Dilutive potential common shares from stock options and restricted stock units

 

 

84

 

 

65

 

Common stock and common stock equivalents

 

 

7,412

 

 

7,391

 

 

 

 

 

 

 

 

 

Earnings per share, basic and diluted

 

$

0.05

 

$

0.08

 

 

 

 

 

 

 

 

 

Comprehensive income per share: basic and diluted

 

$

0.05

 

$

0.08

 

 

 

 

 

 

 

 

 

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

 

 
92

 

 
109