Earnings Per Share

9 Months Ended

Sep. 30, 2016

(12) Earnings Per Share:

Basic earnings per share are computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect per share amounts that would have resulted if dilutive potential common stock had been converted to common stock in gain periods. The following reconciles amounts reported in the financial statements:


	Nine Months Ended September 30,
	2016						2015
	Net Income (In 000’s)		Weighted Average Number of Shares Outstanding		Per Share Amount		Net Income (In 000’s)			Weighted Average Number of Shares Outstanding		Per Share Amount

Basic	$	5,589		2,294,444	$	2.44	$	(2,575	)		2,314,704	$	(1.11	)
Effect of dilutive securities:
Options (a)		—		751,357		—		—			—		—

Diluted	$	5,589		3,045,801	$	1.83	$	(2,575	)		2,314,704	$	(1.11	)


	Three Months Ended September 30,
	2016						2015
	Net Income (In 000’s)		Weighted Average Number of Shares Outstanding		Per Share Amount		Net Income (In 000’s)			Weighted Average Number of Shares Outstanding		Per Share Amount

Basic	$	4,924		2,293,964	$	2.15	$	(655	)		2,311,873	$	(0.28	)
Effect of dilutive securities:
Options (a)		—		753,594		—		—					—

Diluted	$	4,924		3,047,558	$	1.62	$	(655	)		2,311,873	$	(0.28	)

(a)	The effect of the 767,500 outstanding stock options is antidilutive for the nine and three months ended September 30, 2015 due to net loss reported for those periods.