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Earnings per share
 9 Months Ended
Sep. 30, 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.

 

There were no shares considered anti-dilutive for the three and nine month periods ended September 30, 2015 and 2014.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

For the Three Months Ended September 30, 

    

Basic  

    

Diluted  

    

Basic  

    

Diluted  

 

Net Income (Numerator)

    

$
4,409

    

$
4,409

    

$
5,236

    

$
5,236

    

Average common shares outstanding (Denominator)

 

 
7,536,824

 

 
7,536,824

 

 
7,548,358

 

 
7,548,358

 

Earnings per share

 

$
0.58

 

$
0.58

 

$
0.70

 

$
0.70

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

For the Nine Months Ended September 30, 

 

Basic  

 

Diluted  

 

Basic  

 

Diluted  

 

Net Income (Numerator)

    

$
13,884

    

$
13,884

    

$
13,265

    

$
13,265

    

Average common shares outstanding (Denominator)

 

 
7,543,751

 

 
7,543,751

 

 
7,548,983

 

 
7,566,456

 

Earnings per share

 

$
1.84

 

$
1.84

 

$
1.76

 

$
1.76