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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings Per Common Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

September 30,

 

September 30,

 

 

2013

 

2012

 

2013

 

2012

 

 

 

Numerator for basic and diluted earnings per common share -

 

 

 

 

 

 

 

 

Income (loss) available to common stockholders:

 

 

 

 

 

 

 

 

Income from continuing operations

$

9,793 

$

8,464 

$

22,001 

$

8,122 

Income (loss) from discontinued operations

 

 -

 

(239)

 

14 

 

1,402 

Net income

$

9,793 

$

8,225 

$

22,015 

$

9,524 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares

 

10,182 

 

10,141 

 

10,171 

 

10,117 

Denominator for basic earnings per common share

 

10,182 

 

10,141 

 

10,171 

 

10,117 

 

 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Employee stock options

 

11 

 

15 

 

11 

 

16 

Other stock compensation plans

 

88 

 

50 

 

73 

 

78 

Dilutive potential common shares

 

99 

 

65 

 

84 

 

94 

Denominator for diluted earnings per common share -

 

 

 

 

 

 

 

 

adjusted weighted average shares and assumed conversions

 

10,281 

 

10,206 

 

10,255 

 

10,211 

Basic earnings (loss) per common share:

 

 

 

 

 

 

 

 

Continuing operations

$

0.96 

$

0.83 

$

2.16 

$

0.80 

Discontinued operations

 

 -

 

(0.02)

 

0.00 

 

0.14 

Basic earnings per common share

$

0.96 

$

0.81 

$

2.16 

$

0.94 

Diluted earnings (loss) per common share:

 

 

 

 

 

 

 

 

Continuing operations

$

0.95 

$

0.83 

$

2.15 

$

0.80 

Discontinued operations

 

 -

 

(0.02)

 

0.00 

 

0.14 

Diluted earnings per common share

$

0.95 

$

0.81 

$

2.15 

$

0.93 

 

 

 

 

 

 

 

 

 

Dividends paid per common share

$

0.030 

$

0.025 

$

0.090 

$

0.075