4. Earnings per share

3 Months Ended

Mar. 31, 2016

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,
	2016		2015
	(In thousands, except per share data)
Net income	$	625	$	144
Shares:
Basic:  Weighted average common shares outstanding		7,834		7,856
Add:  Dilutive effect of outstanding options and restricted stock units as determined by the treasury stock method		49		20
Diluted:  Weighted average common and common equivalent shares outstanding		7,883		7,876
Net income per common share:
Basic	$	0.08	$	0.02
Diluted	$	0.08	$	0.02

The computation of diluted earnings per share excludes the effect of the potential exercise of stock awards, including stock options and restricted stock units, when the average market price of the common stock is lower than the exercise price of the related stock award during the period.  These outstanding stock awards 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, 2016 and 2015, there were 878,000 and 853,000, respectively, potentially dilutive shares consisting of stock awards that were excluded from the calculation of earnings per diluted share.