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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2015
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,

 

 

2015

 

2014

 

2015

 

2014

 

 

 

Numerator for basic and diluted earnings per common share -

 

 

 

 

 

 

 

 

Income available to common stockholders:

 

 

 

 

 

 

 

 

Net (loss) income

$

(57,422)

$

9,116 

$

(47,773)

$

19,627 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

10,256 

 

10,239 

 

10,266 

 

10,220 

Denominator for basic earnings per common share

 

10,256 

 

10,239 

 

10,266 

 

10,220 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Employee stock options

 

 -

 

 

 -

 

Other stock compensation plans

 

 -

 

92 

 

 -

 

98 

Dilutive potential common shares

 

 -

 

96 

 

 -

 

105 

Denominator for diluted earnings per common share - adjusted weighted average shares outstanding and assumed conversions

 

10,256 

 

10,335 

 

10,266 

 

10,325 

Basic (loss) earnings per common share

$

(5.60)

$

0.89 

$

(4.65)

$

1.92 

Diluted (loss) earnings per common share

$

(5.60)

$

0.88 

$

(4.65)

$

1.90 

Dividends paid per common share

$

0.04 

$

0.03 

$

0.12 

$

0.09