NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE

7. NET INCOME PER COMMON AND COMMON EQUIVALENT SHARE

Basic and diluted net income per share available to common and potential common stockholders has been calculated based on the weighted average number of shares outstanding. Options that are potentially dilutive for the three months ended March 31, 2014 and 2013 due to the exercise price of all options being greater than the average market price of the Company’s stock during the period. As of March 31, 2014 and 2013 there were 49,277 potentially diluted options outstanding. The following schedule reconciles the numerator and denominator of the basic and diluted net income per share available to common and potential common stockholders for the three months ended March 31, 2014 and 2013 (in thousands, except per share data):

	Net Income		Shares		Per Share
	(Numerator)		(Denominator)		Amount
Three Months ended March 31, 2014
Basic earnings per share available to common stockholders	$	357		2,161	$	0.17
Nonvested restricted stock grant		—		10		(0.01	)
Effect of dilutive securities: options to purchase common shares		—		—		—
Diluted earnings per share	$	357		2,171	$	0.16
Three Months ended March 31, 2013
Basic earnings per share available to common stockholders	$	213		2,146	$	0.10
Nonvested restricted stock grant		—		6		—
Effect of dilutive securities: options to purchase common shares		—		—		—
Diluted earnings per share	$	213		2,152	$	0.10