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Basic and Diluted Earnings Per Share
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

Note 4 - Basic and Diluted Earnings Per Share

Basic earnings per share are computed based on the weighted average number of common shares outstanding during the period. Diluted earnings per common share reflect the potential effects of the exercise of outstanding stock options and vesting of restricted stock units. Basic and diluted common shares outstanding are summarized as follows (in thousands):

 

     Three Months
Ended June 30,
     Six Months Ended
June 30,
 
     2014      2013      2014      2013  

Weighted average number of basic common shares

           

Outstanding

     7,173         7,082         7,171         7,052   

Effect of dilutive securities

     248         292         273         292   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average number of diluted common shares outstanding

     7,421         7,374         7,444         7,344