Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

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 is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Common shares outstanding, beginning of the period		11,857,026		11,710,745		11,749,589		11,710,745
Weighted average common shares issued		2,901		22,989		68,554		11,495
Weighted average number of common shares outstanding		11,859,927		11,733,734		11,818,143		11,722,240
Dilutive effect of common share equivalents		426,329		-		339,974		221,602
Diluted weighted average number of common shares outstanding		12,286,256		11,733,734		12,158,117		11,943,842

Common Stock Equivalents Excluded From the Calculation of Earnings Per Share

Common stock equivalents that have been excluded from the calculation of earnings per share because they would have been anti-dilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Stock options		7,500		659,000		525,600		909,000