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Earnings Per Share
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

8.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 months ended March 31, 2014 and 2013 were as follows:

 

 

 

 

 

 

For the three months

 

ended March 31,

Amounts in thousands

2014

2013

Weighted average common shares, basic

24,380 
24,128 

Dilutive effect of stock options

26 

Weighted average common shares, diluted

24,384 
24,154 

 

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

 

 

 

 

 

For the three months

 

ended March 31,

Amounts in thousands

2014

2013

Stock options

68 
38