XML 60 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

9.EARNINGS PER SHARE

 

The calculation of basic earnings per share considers only weighted average outstanding common shares in the computation. The calculation of diluted earnings per share gives effect to all potentially dilutive securities. The calculation of diluted earnings per share is based upon the weighted average number of common shares outstanding during the period, plus, if dilutive, the assumed exercise of stock options using the treasury stock method. Weighted average shares outstanding for the three and nine months ended September 30, 2013 and 2012 were as follows:

 

 

 

 

 

 

 

 

 

 

For the three months

ended September 30,

 

For the nine months

ended September 30,

Amounts in thousands

2013

 

2012

 

2013

 

2012

Weighted average common shares, basic

24,249 

 

24,117 

 

24,334 

 

24,117 

Dilutive effect of stock options

164 

 

23 

 

130 

 

201 

Weighted average common shares, diluted

24,413 

 

24,140 

 

24,464 

 

24,318 

 

The following stock options are anti-dilutive and have not been included in the weighted average shares outstanding calculation:

 

 

 

 

 

 

 

 

 

 

 

For the three months

ended September 30,

 

For the nine months

ended September 30,

Amounts in thousands

2013

 

2012

 

2013

 

2012

Stock options

68 

 

887 

 

68 

 

887