XML 56 R14.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Common Share
3 Months Ended
Mar. 31, 2015
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
 
March 31,
 
2015
 
2014
Numerators
 
 
 
Net loss
$
(1,465
)
 
$
(442
)
Denominators
 

 
 

Weighted average common shares - basic
12,794,766

 
12,663,818

 
 
 
 
Dilutive effect of restricted stock

 

 
 
 
 
Weighted average common shares - diluted
12,794,766

 
12,663,818

 
 
 
 
Basic earnings (loss) per share
$
(0.11
)
 
$
(0.03
)
 
 
 
 
Diluted earnings (loss) per share
$
(0.11
)
 
$
(0.03
)
    

For the three months ended March 31, 2015, 163,643 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.