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Basic and Diluted Earnings Per Share
 9 Months Ended
Sep. 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
September 30,		      Nine Months Ended
September 30,		  
     2014      2013      2014      2013  

Weighted average number of basic common shares outstanding

      7,177         7,150         7,173         7,085   

Effect of dilutive securities

      0         275         0         286   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average number of diluted common shares outstanding

      7,177         7,425         7,173         7,371   
  

 

 

     

 

 

     

 

 

     

 

 

  

As a result of the net loss reported for the three months and the nine months ended September 30, 2014, 251,418 and 265,818 potential common shares, respectively, have been excluded from the calculation of diluted loss per share because their effect would be anti-dilutive.