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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2014
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of amortized cost basis, fair value and net unrealized gains on the available-for-sale securities
December 31,
2014
 
2013
 
Type of Securities
Amortized
Cost Basis
 
Fair
Value
 
Net
Unrealized
Gain
 
Amortized
Cost
Basis
 
Fair
Value
 
Net
Unrealized
Gain
 
(in thousands)
                       
Municipal Obligations
 
$
31,990
   
$
32,080
   
$
90
   
$
35,925
   
$
36,132
   
$
207
 
Corporate Obligations
   
5,409
     
5,404
     
(5
)
   
450
     
456
     
6
 
Total
 
$
37,399
   
$
37,484
   
$
85
   
$
36,375
   
$
36,588
   
$
213
 
Schedule of analysis of warranty accruals
(in thousands)
2014
2013
Balance at beginning of year
$
3,410
$
2,522
Less: Payments made during the year
(1,551
)
(1,558
)
Add: Warranty provision for the current year
1,863
2,511
Changes to warranty provision for prior years
114
 
(65
)
Balance at end of year
$
3,836
$
3,410
Schedule of reconciliation of weighted average shares outstanding
 
                   
(In thousands except per share data)
 
2014
   
2013
   
2012
 
Net income available for stockholders:
 
$
8,914
   
$
7,528
   
$
6,979
 
Less: Dividends paid
                       
Common Stock
   
(5,911
)
   
(5,525
)
   
(23,135
)
Restricted shares of common stock
   
(191
)
   
(180
)
   
(677
)
Undistributed earnings (loss)
 
$
2,812
   
$
1,823
   
$
(16,833
)
                         
Allocation of undistributed earnings (loss):
                       
Common Stock
 
$
2,720
   
$
1,762
   
$
(16,329
)
Restricted shares of common stock
   
92
     
61
     
(504
)
                         
Basic shares outstanding:
                       
Common Stock
   
35,691
     
35,556
     
35,530
 
Restricted shares of common stock
   
1,246
     
1,264
     
1,126
 
     
36,937
     
36,820
     
36,656
 
Diluted shares outstanding:
                       
Common Stock
   
35,691
     
35,556
     
35,530
 
Dilutive effect of options
   
291
     
324
     
148
 
     
35,982
     
35,880
     
35,678
 
Restricted shares of common stock
   
1,246
     
1,264
     
1,126
 
     
37,228
     
37,144
     
36,804
 
Basic earnings per share:
                       
Common Stock:
                       
Distributed earnings
 
$
0.16
   
$
0.15
   
$
0.65
 
Undistributed earnings (loss)
   
0.08
     
0.05
     
(0.46
)
   
$
0.24
   
$
0.20
   
$
0.19
 
Restricted shares of common stock:
                       
Distributed earnings
 
$
0.15
   
$
0.14
   
$
0.60
 
Undistributed earnings (loss)
   
0.08
     
0.05
     
(0.45
)
   
$
0.23
   
$
0.19
   
$
0.15
 
Diluted earnings per share:
                       
Common Stock:
                       
Distributed earnings
 
$
0.16
   
$
0.15
   
$
0.65
 
Undistributed earnings (loss)
   
0.08
     
0.05
     
(0.46
)
   
$
0.24
   
$
0.20
   
$
0.19