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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Reconciliation of the Weighted Average Number of Common Shares Outstanding

A reconciliation of the weighted average number of common shares outstanding for the three and nine months ended September 30, 2015 and 2014 is as follows:

 

 

2015

 

 

Three Months

 

 

Nine Months

 

Common shares outstanding, beginning of the period

 

11,665,220

 

 

 

11,549,789

 

Weighted average common shares issued

 

241

 

 

 

67,773

 

Weighted average number of common shares outstanding

 

11,665,461

 

 

 

11,617,562

 

Dilutive effect of common share equivalents

 

262,416

 

 

 

289,924

 

Diluted weighted average number of common shares outstanding

 

11,927,877

 

 

 

11,907,486

 

 

 

2014

 

 

Three Months

 

 

Nine Months

 

Common shares outstanding, beginning of the period

 

11,532,258

 

 

 

11,446,800

 

Weighted average common shares issued

 

4,808

 

 

 

48,322

 

Weighted average number of common shares outstanding

 

11,537,066

 

 

 

11,495,122

 

Dilutive effect of common share equivalents

 

303,692

 

 

 

290,393

 

Diluted weighted average number of common shares outstanding

 

11,840,758

 

 

 

11,785,515