XML 47 R21.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

12.       Earnings Per Share

The following table sets forth the computation of basic and diluted income per share, including a reconciliation of net income and the number of shares used in computing basic and diluted income per share. Basic income per share is determined using the weighted average shares of common stock (including DSUs) outstanding during the period. Diluted income per share is determined using the weighted average shares of common stock (including DSUs) outstanding during the period, and assumes all potentially dilutive securities were converted into common shares at the earliest date possible. There were no potentially dilutive securities outstanding during the three and nine months ended September 30, 2014 and 2013.

     Three Months Ended Nine Months Ended
     September 30, September 30,
(Amounts in thousands, except share and per share amounts) 2014 2013 2014 2013
 Net income $ 17,692 $ 13,824 $ 49,764 $ 41,125
                
 Weighted average shares outstanding – basic and diluted    5,111,201   5,109,717   5,110,435   5,108,832
                
 Net income per common share – basic and diluted $ 3.46 $ 2.71 $ 9.74 $ 8.05