SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Computation of basic and diluted earnings per share

The computation of diluted weighted average common shares outstanding used in the calculation of diluted earnings per share for the three and six months ended 2014 and 2013 is as follows (in thousands):

	For the three months ended June 30,				For the six months ended June 30,
	2014		2013		2014		2013
Weighted average shares outstanding-basic		12,640		12,476		12,631		12,462
Stock Options		--		6		--		3
Restricted stock grants		5		38		–		25
Weighted average shares outstanding-diluted		12,645		12,520		12,631		12,490

Antidilutive securities excluded from computation of earnings per share

Securities that could potentially dilute basic EPS in the future, that were not included in the computation of diluted EPS because to do so would have been anti-dilutive for the three and six months ended June 30, 2014 and 2013, consists of the following (in thousands):

	For the three months ended June 30,				For the six months ended June 30,
	2014		2013		2014		2013
Options to purchase common stock		656		109		656		109
Unvested stock grants		25		–		83		–
Potential anti-dilutive common shares		681		109		739		109