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Basic and Diluted Earnings Per Share
 9 Months Ended
Sep. 30, 2013
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:

 

     Three Months Ended
September 30		      Nine Months Ended
September 30		  
     2013      2012      2013      2012  

Weighted average number of basic common shares outstanding

      7,149,502         7,007,333         7,084,593         7,959,086   

Effect of dilutive securities

      275,026         176,180         285,926         109,601   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average number of diluted common shares outstanding

      7,424,528         7,183,513         7,370,519         8,068,687