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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2013
Earnings Per Common Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

 

2013

 

2012

 

 

 

Numerator for basic and diluted earnings per common share -

 

 

 

 

Income available to common stockholders:

 

 

 

 

Income from continuing operations

$

4,951 

$

2,979 

(Loss) Income from discontinued operations

 

(24)

 

390 

Net income

$

4,927 

$

3,369 

 

 

 

 

 

Denominator:

 

 

 

 

Weighted average shares

 

10,158 

 

10,090 

Denominator for basic earnings per common share

 

10,158 

 

10,090 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

Employee stock options

 

12 

 

18 

Other stock compensation plans

 

77 

 

89 

Dilutive potential common shares

 

89 

 

107 

Denominator for diluted earnings per common share -

 

 

 

 

adjusted weighted average shares and assumed conversions

 

10,247 

 

10,197 

Basic earnings per share:

 

 

 

 

Continuing operations

$

0.49 

$

0.30 

Discontinued operations

 

(0.00)

 

0.04 

Basic earnings per common share

$

0.49 

$

0.33 

Diluted earnings per share:

 

 

 

 

Continuing operations

$

0.48 

$

0.29 

Discontinued operations

 

(0.00)

 

0.04 

Diluted earnings per common share

$

0.48 

$

0.33 

 

 

 

 

 

Dividends paid per common share

$

0.030 

$

0.025