XML 34 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

2. EARNINGS PER SHARE

The computations of basic and diluted earnings per share for the Company are as follows (in thousands, except per share data):

 

     Three Months Ended      Six Months Ended  
     June 30,      June 30,  
     2013      2012      2013      2012  

Numerator:

            

Net income attributable to common shareholders

    $ 4,914       $ 4,849       $ 8,635       $ 9,327   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Denominator for basic earnings per share - weighted-average shares

      12,089         11,781         12,022         11,754   

Effect of dilutive securities - Stock options

      21         122         22         118   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator for diluted earnings per share - adjusted weighted-average shares

      12,110         11,903         12,044         11,872   
  

 

 

     

 

 

     

 

 

     

 

 

  

Earnings per share attributable to common shareholders:

            

Basic

    $ 0.41       $ 0.41       $ 0.72       $ 0.79   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted

    $ 0.41       $ 0.41       $ 0.72       $ 0.79   
  

 

 

     

 

 

     

 

 

     

 

 

  

All options to purchase shares were included in the diluted earnings per share calculation for the three and six months ended June 30, 2013 and 2012 as the average market prices of the common stock was above the exercise prices. The Company’s restricted stock issued is included in basic and diluted shares for the earnings per share computation from the date of grant.