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Earnings Per Common Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Common Share
Earnings Per Common Share

Basic net income per common share is based upon the weighted average number of common shares outstanding.  Diluted net income per common share is based upon the weighted average number of common shares outstanding, including the dilutive effect of restricted stock, using the if-converted methods.  The following table shows a reconciliation of the numerators and denominators used in calculating basic and diluted earnings per share.
 
Three months ended
 
Nine months ended
 
September 30,
 
September 30,
 
2014
 
2013
 
2014
 
2013
Numerators
 
 
 
 
 
 
 
Net income (loss)
$
1,396

 
$
2,075

 
$
(6,458
)
 
$
8,576

Denominators
 

 
 

 
 
 
 
Weighted average common shares - basic
12,740,034

 
12,617,121

 
12,704,568

 
12,604,033

 
 
 
 
 
 
 
 
Dilutive effect of restricted stock
147,329

 
101,686

 
—

 
106,363

 
 
 
 
 
 
 
 
Weighted average common shares - diluted
12,887,363

 
12,718,807

 
12,704,568

 
12,710,396

 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
0.11

 
$
0.16

 
$
(0.51
)
 
$
0.68

 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
$
0.11

 
$
0.16

 
$
(0.51
)
 
$
0.67

    
For the nine months ended September 30, 2014, 145,710 shares are not included in the calculation of diluted earnings per share, as their inclusion would have been anti-dilutive. These securities could be dilutive in future periods.