XML 21 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
5. PER SHARE INFORMATION
 6 Months Ended
Jun. 30, 2016
Table Text Block [Abstract]  
Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]
5.PER SHARE INFORMATION

Basic earnings per share (“EPS”) is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive. There are no adjustments to net income necessary in the calculation of basic and diluted earnings per share.


A reconciliation of the shares used in the basic and diluted income per common share computation for the three and six months ended June 30, 2016 and 2015 are as follows:


   (Unaudited)   (Unaudited) 
   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2016   2015   2016   2015 
Weighted average shares outstanding   7,530,579    7,561,850    7,556,873    7,560,603 
                     
Dilutive restricted share units   -    11,719    -    9,370 
Dilutive stock options   -    5,144    -    2,494 
                     
Dilutive weighted average shares outstanding   7,530,579    7,578,713    7,556,873    7,572,467 

Weighted average shares that were antidilutive and therefore not included in the calculation of earnings per share were 143,600 and 77,428 for the three months ended June 30, 2016 and 2015, respectively. Weighted average shares that were antidilutive and therefore not included in the calculation of earnings per share were 143,059 and 82,374 for the six months ended June 30, 2016 and 2015, respectively. For the three and six months ended June 30, 2016, diluted earnings per share of common stock is equal to basic earnings per share of common stock due to the net loss.