XML 45 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Calculation of Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Calculation of Earnings Per Share [Abstract]  
CALCULATION OF EARNINGS PER SHARE

17.  Calculation Of Earnings Per Share

 

Basic earnings per share (EPS) is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Company. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2013

 

 

2012

 

 

2011

 

(Amounts, except earnings per share, in thousands)

 

 

 

 

 

 

 

 

 

Net income

$
4,001 

 

$
3,648 

 

$
4,680 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 
4,210 

 

 
4,231 

 

 
4,241 

 

 

 

 

 

 

 

 

 

Basic earnings per share

$
0.95 

 

$
0.86 

 

$
1.10 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 
4,210 

 

 
4,231 

 

 
4,241 

 

 

 

 

 

 

 

 

 

Common stock equivalents due to effect of stock options

 
1 

 

 
2 

 

 
3 

 

 

 

 

 

 

 

 

 

Total weighted-average common shares and equivalents

$
4,211 

 

$
4,233 

 

$
4,244 

 

 

 

 

 

 

 

 

 

Diluted earnings per share

$
0.95 

 

$
0.86 

 

$
1.10 

 

 

 

 

 

 

 

 

 

Anti-dilutive stock options outstanding

 
78 

 

 
79 

 

 
60