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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Common Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30,

 

June 30,

 

 

2016

 

2015

 

2016

 

2015

 

 

 

Numerator for basic and diluted earnings per common share -

 

 

 

 

 

 

 

 

(Loss) income available to common stockholders:

 

 

 

 

 

 

 

 

Net (loss) income

$

(91,996)

$

5,362 

$

(94,828)

$

9,649 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

10,263 

 

10,284 

 

10,248 

 

10,272 

Denominator for basic earnings per common share

 

10,263 

 

10,284 

 

10,248 

 

10,272 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Employee stock options

 

 -

 

 -

 

 -

 

Other stock compensation plans

 

 -

 

86 

 

 -

 

112 

Dilutive potential common shares

 

 -

 

86 

 

 -

 

113 

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

 

10,263 

 

10,370 

 

10,248 

 

10,385 

Basic (loss) earnings per common share

$

(8.96)

$

0.52 

$

(9.25)

$

0.94 

Diluted (loss) earnings per common share

$

(8.96)

$

0.52 

$

(9.25)

$

0.93 

Dividends paid per common share

$

0.04 

$

0.04 

$

0.08 

$

0.08