EARNINGS APPLICABLE TO COMMON STOCKHOLDERS

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

EARNINGS APPLICABLE TO COMMON STOCKHOLDERS

NOTE E — EARNINGS APPLICABLE TO COMMON STOCKHOLDERS

Basic per share data is calculated based on the weighted-average number of common shares outstanding during the reporting period. Diluted per share data includes any dilution from potential common stock outstanding, such as stock options.

	For the Three Months Ended
	June 30, 2015
	Net Income		Shares		Per
	(Numerator)		(Denominator)		Share Data
Basic per share	$	2,099,000		5,374,415	$	0.39
Effect of dilutive shares:
Restricted stock grants				57,747
Diluted per share	$	2,099,000		5,432,162	$	0.39

	For the Six Months Ended
	June 30, 2015
	Net Income		Shares		Per
	(Numerator)		(Denominator)		Share Data
Basic per share	$	4,043,000		5,366,495	$	0.75
Effect of dilutive shares:
Restricted stock grants				57,747
Diluted per share	$	4,043,000		5,424,242	$	0.75

	For the Three Months Ended
	June 30, 2014
	Net Income		Shares		Per
	(Numerator)		(Denominator)		Share Data
Basic per share	$	1,527,000		5,152,784	$	.30
Effect of dilutive shares:
Restricted stock grants				37,792
Diluted per share	$	1,527,000		5,190,576	$	.29

	For the Six Months Ended
	June 30, 2014
	Net Income		Shares		Per
	(Numerator)		(Denominator)		Share Data
Basic per share	$	2,848,000		5,142,227	$	.55
Effect of dilutive shares:
Restricted stock grants				37,792
Diluted per share	$	2,848,000		5,180,019	$	.55

The Company granted 67,077 shares of restricted stock in the first quarter of 2015 and -0- shares during the second quarter of 2015.