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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2016
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 six months ended June 30, 2016 and 2015 is as follows:

 

 

2016

 

 

Three Months

 

 

Six Months

 

Common shares outstanding, beginning of the period

 

11,710,745

 

  

 

11,710,745

 

Weighted average common shares issued

 

22,989

 

  

 

11,495

 

Weighted average number of common shares outstanding

 

11,733,734

 

  

 

11,722,240

 

Dilutive effect of common share equivalents

 

0

 

  

 

221,602

 

Diluted weighted average number of common shares outstanding

 

11,733,734

 

  

 

11,943,842

 

 

 

2015

 

 

Three Months

 

 

Six Months

 

Common shares outstanding, beginning of the period

 

11,576,539

 

  

 

11,549,789

 

Weighted average common shares issued

 

52,210

 

  

 

43,423

 

Weighted average number of common shares outstanding

 

11,628,749

 

  

 

11,593,212

 

Dilutive effect of common share equivalents

 

288,894

 

  

 

305,377

 

Diluted weighted average number of common shares outstanding

 

11,917,643

 

  

 

11,898,589