4. Earnings per share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

4. 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,
	2015		2014
	(In thousands, except per share data)
Net income	$	144	$	394
Shares:
Basic:  Weighted average common shares outstanding		7,856		8,373
Add:  Dilutive effect of outstanding options as determined by the treasury stock method		20		180
Diluted:  Weighted average common and common equivalent shares outstanding		7,876		8,553
Net income per common share:
Basic	$	0.02	$	0.05
Diluted	$	0.02	$	0.05

The computation of diluted earnings per share excludes the effect of the potential exercise of stock options, when the average market price of the common stock is lower than the exercise price of the related stock option during the period.  These outstanding stock options are not included in the computation of diluted earnings per share because the effect would be anti-dilutive.  For the three months ended March 31, 2015 and 2014, there were 853,000 and 174,000, respectively, potentially dilutive shares consisting of stock options that were excluded from the calculation of earnings per diluted share.