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Basic and Diluted Earnings Per Share
6 Months Ended
Jun. 30, 2015
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 using the treasury method. Diluted earnings per share reflect the potential effects of the exercise of outstanding stock options and vesting of restricted stock units. Basic and diluted shares outstanding are summarized as follows (in thousands):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2015      2014      2015      2014  

Weighted average number of basic shares outstanding

     7,151         7,173         7,143         7,171   

Effect of dilutive securities

     176         248         185         273   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average number of diluted shares outstanding

     7,327         7,421         7,328         7,444