Net Income Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Net Income Per Share

3. NET INCOME PER SHARE

Basic net income per share is computed by dividing net income by the weighted average shares during the three- and nine-month periods ended September 30, 2013 and 2012. Diluted net income per share for each of the three- and nine-month periods ended September 30, 2013 and 2012 is computed based on the weighted average shares outstanding during the period plus the dilutive effect of all potentially dilutive instruments outstanding. There were no outstanding potentially dilutive instruments during the three-and nine-month periods ended September 30, 2013 or 2012, and, therefore, basic and diluted weighted average shares outstanding were the same.

The following table represents the basic and diluted net income per share calculations for the three- and nine-month periods ended September 30, 2013 and 2012 (in thousands of dollars, except per share data):

			Weighted		Basic and
			Average		Diluted Net
	Net		Shares		Income
	Income		Outstanding		Per Share
For the Three Months Ended:
September 30, 2013	$	904		6,027,562	$	0.15
September 30, 2012	$	1,179		6,023,124	$	0.20
For the Nine Months Ended:
September 30, 2013	$	2,972		6,024,935	$	0.49
September 30, 2012	$	1,312		6,022,648	$	0.22