XML 49 R12.htm IDEA: XBRL DOCUMENT v2.4.1.9
Computation of Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Computation of Earnings Per Share

NOTE E – COMPUTATION OF EARNINGS PER SHARE

Basic earnings per share were computed by dividing Net income (loss) by the weighted-average number of common shares outstanding for each respective period. Diluted earnings per share were calculated by dividing Net income (loss) by the weighted-average of all potentially dilutive common stock that was outstanding during the periods presented.

The calculation of basic and diluted earnings per share for the three months ended March 31, 2015 and 2014 was as follows:

 

     Three Months Ended March 31  
     2015      2014  

Numerator

      

Net income (loss)

    $ (256 )     $ 2,738   
  

 

 

     

 

 

  

Denominator

Determination of shares

Weighted-average common shares outstanding

   5,396      5,392   

Dilutive effect - share-based awards

   0      39   
  

 

 

     

 

 

  

Diluted weighted-average common shares outstanding

   5,396      5,431   
  

 

 

     

 

 

  

Earnings per common share

Basic

 $ (0.05 )  $ 0.51   
  

 

 

     

 

 

  

Diluted

 $ (0.05 )  $ 0.50   
  

 

 

     

 

 

  

For the three months ended March 31, 2015 and 2014, 59,750 and 17,000 stock options, respectively, were excluded from the calculation of diluted earnings per share as the effect would have been anti-dilutive.

For the three months ended March 31, 2015 and 2014, 12,775 and 55,312 restricted share units, respectively, were excluded from the calculation of diluted earnings per share as the effect of the settlement in common shares would have been anti-dilutive.