Earnings Per Common Share (EPS)

9 Months Ended

Sep. 30, 2016

Earnings Per Share, Basic and Diluted [Abstract]

Earnings Per Common Share (EPS)

Earnings Per Common Share (EPS). The computation of weighted average shares outstanding and the basic and diluted earnings per common share for the following periods consisted of the following (in thousands, except per share amounts):

	Three Months					Nine Months
	Net Income		Shares	Per Share Amount		Net Income		Shares	Per Share Amount
Period ended September 30, 2016:
Basic EPS	$	973	44,447	$	0.02	$	12,615	44,346	$0.28
Effect of dilutive stock options and warrants			553					417
Diluted EPS	$	973	45,000	$	0.02	$	12,615	44,763	$0.28
Stock options excluded from the calculation of common stock equivalents as the impact was anti-dilutive			408					864
Period ended September 30, 2015:
Basic EPS	$	4,818	44,165	$	0.11	$	17,393	43,976	$	0.40
Effect of dilutive stock options and warrants			569					491
Diluted EPS	$	4,818	44,734	$	0.11	$	17,393	44,467	$	0.39
Stock options excluded from the calculation of common stock equivalents as the impact was anti-dilutive			168					468