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Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2016
Earnings Per Common Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]



 

 

 

 



 

 

 

 

 

 

Three Months Ended

 

 

March 31,

 

 

2016

 

2015

 

 

 

 

 

Numerator for basic and diluted earnings per common share -

 

 

 

 

(Loss) income available to common stockholders:

 

 

 

 

Net (loss) income

$

(2,832)

$

4,285 

Denominator:

 

 

 

 

Weighted average shares outstanding

 

10,232 

 

10,259 

Denominator for basic earnings per common share

 

10,232 

 

10,259 

Effect of dilutive securities:

 

 

 

 

Employee stock options

 

 -

 

Other stock compensation plans

 

 -

 

98 

Dilutive potential common shares

 

 -

 

100 

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

 

10,232 

 

10,359 

Basic (loss) earnings per common share

$

(0.28)

$

0.42 

Diluted (loss) earnings per common share

$

(0.28)

$

0.41 

Dividends paid per common share

$

0.04 

$

0.04