Earnings Per Common Share

9 Months Ended

Sep. 30, 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				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
Numerator for basic and diluted earnings per common share -
Income available to common stockholders:
Income from continuing operations	$	9,119	$	9,793	$	19,616	$	22,001
(Loss) Income from discontinued operations		(3)		-		11		14
Net income	$	9,116	$	9,793	$	19,627	$	22,015
Denominator:
Weighted average shares		10,239		10,182		10,220		10,171
Denominator for basic earnings per common share		10,239		10,182		10,220		10,171
Effect of dilutive securities:
Employee stock options		4		11		7		11
Other stock compensation plans		92		88		98		73
Dilutive potential common shares		96		99		105		84
Denominator for diluted earnings per common share - adjusted weighted average shares and assumed conversions		10,335		10,281		10,325		10,255
Basic earnings per common share:
Continuing operations	$	0.89	$	0.96	$	1.92	$	2.16
Discontinued operations		(0.00)		-		0.00		0.00
Basic earnings per common share	$	0.89	$	0.96	$	1.92	$	2.16
Diluted earnings per common share:
Continuing operations	$	0.88	$	0.95	$	1.90	$	2.15
Discontinued operations		(0.00)		-		0.00		0.00
Diluted earnings per common share	$	0.88	$	0.95	$	1.90	$	2.15
Dividends paid per common share	$	0.03	$	0.03	$	0.09	$	0.09