5. Earnings per share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

5. Earnings per share

The following table sets forth the reconciliation of basic weighted average shares outstanding and diluted weighted average shares outstanding:

	Three months ended
	March 31,
	2014		2013
	(In thousands, except per share data)
Net income	$	394	$	1,160
Shares:
Basic:  Weighted average common shares outstanding		8,373		8,717
Add:  Dilutive effect of outstanding options as determined by the treasury stock method		180		92
Diluted:  Weighted average common and common equivalent shares outstanding		8,553		8,809
Net income per common share:
Basic	$	0.05	$	0.13
Diluted	$	0.05	$	0.13

For the three months ended March 31, 2014 and 2013, there were 174,000 and 666,125, respectively, potentially dilutive shares consisting of stock options that were excluded from the calculation of earnings per diluted share because the effect would have been anti-dilutive.