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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Common Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

Numerator for basic and diluted earnings per common share -

 

 

 

 

 

 

(Loss) income available to common stockholders:

 

 

 

 

 

 

Net (loss) income

$

(44,445)

$

25,656 

$

29,290 

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding

 

10,254 

 

10,225 

 

10,175 

Denominator for basic earnings per common share

 

10,254 

 

10,225 

 

10,175 

Effect of dilutive securities:

 

 

 

 

 

 

Employee stock options

 

 -

 

 

11 

Other stock compensation plans

 

 -

 

101 

 

74 

Dilutive potential common shares

 

 -

 

107 

 

85 

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

 

10,254 

 

10,332 

 

10,260 

Basic (loss) earnings per common share

$

(4.33)

$

2.51 

$

2.88 

Diluted (loss) earnings per common share

$

(4.33)

$

2.48 

$

2.85 

Dividends paid per common share

$

0.16 

$

0.13 

$

0.12