Earnings Per Common Share

9 Months Ended

Sep. 30, 2014

Earnings Per Common Share [Abstract]

Earnings Per Common Share

(3) Earnings per Common Share

We report basic earnings per common share, which excludes the effect of potentially dilutive securities, and diluted earnings per common share which include the effect of all potentially dilutive securities unless their impact is anti-dilutive. The following are reconciliations of the numerators and denominators of our basic and diluted earnings per share, (in thousands except for share and per share amounts):

		For the Three Months Ended					For the Nine Months Ended
		September 30,					September 30,
		2014		2013			2014		2013
Income (numerator):
Net income from continuing operations	$	425	$	535		$	1,227	$	2,318
Net loss from discontinued operations		-	$	(54	)		-	$	(128	)
Weighted average shares (denominator):
Weighted average shares basic		60,842,413		60,842,413			60,842,413		60,842,413
Dilution effect of share-based compensation,		8,896		12,242			10,024		103,175
treasury method
Weighted average shares dilutive		60,851,309		60,854,655			60,852,437		60,945,588
Earnings (loss) per share Basic and Dilutive:
Continuing Operations	$	0.01	$	0.01		$	0.02	$	0.04
Discontinued Operations		-	$	(0.00	)		-	$	(0.00	)