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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Common Share [Abstract]  
EARNINGS PER COMMON SHARE

11. EARNINGS PER COMMON SHARE

 

The following table sets forth the computation of basic and diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

 

2014

 

2013

 

 

 

Numerator for basic and diluted earnings per common share -

 

 

 

 

Income available to common stockholders:

 

 

 

 

Income from continuing operations

$
3,649 

$
4,951 

Loss from discontinued operations

 

 -

 
(24)

Net income

$
3,649 

$
4,927 

 

 

 

 

 

Denominator:

 

 

 

 

Weighted average shares

 
10,197 

 
10,158 

Denominator for basic earnings per common share

 
10,197 

 
10,158 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

Employee stock options

 
10 

 
12 

Other stock compensation plans

 
85 

 
77 

Dilutive potential common shares

 
95 

 
89 

Denominator for diluted earnings per common share -

 

 

 

 

adjusted weighted average shares and assumed conversions

 
10,292 

 
10,247 

Basic earnings per common share:

 

 

 

 

Continuing operations

$
0.36 

$
0.49 

Discontinued operations

 

 -

 
(0.00)

Basic earnings per common share

$
0.36 

$
0.49 

Diluted earnings per common share:

 

 

 

 

Continuing operations

$
0.35 

$
0.48 

Discontinued operations

 

 -

 
(0.00)

Diluted earnings per common share

$
0.35 

$
0.48 

 

 

 

 

 

Dividends paid per common share

$
0.03 

$
0.03 

 

 

There have been no changes to the February 2013 Board of Directors authorization of the $0.03 per common share regular quarterly dividend.