Income Per Share of Common Stock (Tables)

3 Months Ended

Mar. 31, 2015

Income Per Share of Common Stock

Schedule of computation of basic and diluted income per common share

The following table sets forth the computation of basic and diluted income per common share (in thousands, except per share amounts):

	Quarter Ended March 31,
	2015		2014
Net income for basic and diluted income per common share	$	2,365	$	4,492
Weighted-average shares for basic income per common share	5,597		5,576
Effect of dilutive securities:
Employee and director stock options (1)	8		10
Adjusted weighted-average shares and assumed exercises for diluted income per common share	5,605		5,586
Basic net income per common share	$	0.42	$	0.81
Diluted net income per common share	$	0.42	$	0.80

(1)  Excludes 17 and 15 stock options for the quarters ended March 31, 2015 and 2014, respectively, as anti-dilutive because the exercise price exceeded the average per share market price for the periods presented.