XML 70 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Analysis of Basic and Diluted Earnings Per Share
The following is an analysis of basic and diluted EPS, reflecting the application of the two-class method, as described below: 
 
 
Three Months Ended 
 March 31,
 
 
2014
 
2013
Net income
 
$
5,715

 
$
5,662

Dividends and undistributed earnings allocated to participating securities(1)
 
(17
)
 
(10
)
Net income available to common shareholders
 
$
5,698

 
$
5,652

Weighted-average common shares outstanding for basic EPS
 
7,528,751

 
7,627,691

Dilutive effect of stock-based awards(2)
 
23,034

 
15,576

Weighted-average common and potential common shares for diluted EPS
 
7,551,785

 
7,643,267

Earnings per common share:
 
 

 
 

Basic EPS
 
$
0.76

 
$
0.74

Diluted EPS
 
$
0.75

 
$
0.74

(1) Represents dividends paid and undistributed earnings allocated to nonvested stock-based awards that contain non-forfeitable rights to dividends.
(2) Represents the effect of the assumed exercise of stock options, vesting of restricted shares, vesting of restricted stock units, and vesting of LTIP awards that have met the performance criteria, as applicable, utilizing the treasury stock method.