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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2015
Accounting Policies [Abstract]  
Computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands, except per share data)
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
3,112
 
$
3,245
 
$
9,717
 
$
10,461
 
Less: Net income allocated to unvested participating securities
 
 
46
 
 
28
 
 
144
 
 
91
 
Net income available to common stockholders
 
$
3,066
 
$
3,217
 
$
9,573
 
$
10,370
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic earnings per share — weighted average shares
 
 
5,724
 
 
5,699
 
 
5,708
 
 
5,696
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Common stock equivalents
 
 
28
 
 
43
 
 
41
 
 
55
 
Denominator for diluted earnings per share — adjusted weighted average shares and assumed conversions
 
 
5,752
 
 
5,742
 
 
5,749
 
 
5,751
 
Basic earnings per share:
 
$
.54
 
$
.56
 
$
1.68
 
$
1.82
 
Diluted earnings per share:
 
$
.53
 
$
.56
 
$
1.67
 
$
1.80