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Earnings per share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings per share

3. Earnings per share:

Basic earnings per share represent income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options, and are determined using the treasury stock method.

 

    2015     2014  

For the three months ended March 31

   Basic     Diluted     Basic     Diluted  

Net Income (Numerator)

   $ 5,044      $ 5,044      $ 4,698      $ 4,698   

Average common shares outstanding (Denominator)

     7,548,358        7,548,358        7,550,253        7,580,480   

Earnings per share

   $ 0.67      $ 0.67      $ 0.62      $ 0.62