Earnings Per Common Share

9 Months Ended

Sep. 30, 2016

Income (Loss) Per Common Share [Abstract]

Earnings per common share

Note 14.Earnings Per Common Share

We follow the provisions of FASB ASC Topic 260, “Earnings per Share” (“ASC Topic 260”).  Basic earnings per share (“EPS”) excludes dilution and is computed by dividing income available to common shareholders by the weighted average common shares outstanding during the period.  We have two classes of common stock currently outstanding. The classes are A and B, of which one share of Class B is convertible into 1.15 shares of Class A.  Diluted EPS takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock using the if-converted method. For the three and nine months ended September 30, 2016 and 2015,  68,139 and 101,655 options to purchase shares of common stock, respectively, were anti-dilutive in the computation of diluted EPS, as the exercise price exceeded average market price in each of those periods.  Additionally, warrants to purchase 1,368,040 shares of Class A common stock were also anti-dilutive.

Basic and diluted EPS are calculated as follows:

	For the three months ended September 30, 2016
	Income		Average shares	Per share
(In thousands, except for per share data)	(numerator)		(denominator)	Amount
Basic EPS
Income available to common shareholders	$	1,688	30,086	$	0.06
Diluted EPS
Income available to common shareholders	$	1,688	30,158	$	0.06

	For the three months ended September 30, 2015
	Income		Average shares	Per share
(In thousands, except for per share data)	(numerator)		(denominator)	Amount
Basic EPS
ncome available to common shareholders	$	1,100	30,043	$	0.04
Diluted EPS
Income available to common shareholders	$	1,100	30,074	$	0.04

	For the nine months ended September 30, 2016
	Income		Average shares	Per share
(In thousands, except for per share data)	(numerator)		(denominator)	Amount
Basic EPS
Income available to common shareholders	$	5,239	30,077	$	0.17
Diluted EPS
Income available to common shareholders	$	5,239	30,157	$	0.17

	For the nine months ended September 30, 2015
	Income		Average shares	Per share
(In thousands, except for per share data)	(numerator)		(denominator)	Amount
Basic EPS
Income available to common shareholders	$	3,299	30,038	$	0.11
Diluted EPS
Income available to common shareholders	$	3,299	30,045	$	0.11