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Earnings per Share
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
6.
Earnings per Share
 
Basic earnings per share (“EPS”) computations are calculated utilizing the weighted average number of shares of common stock outstanding during the periods presented. Diluted EPS is calculated utilizing the weighted average number of shares of common stock outstanding adjusted for the effect of dilutive common stock equivalents.
 
The following table sets forth the computation of basic and diluted EPS:
 
 
 
Three Months Ended March 31,
 
 
 
2016
 
2015
 
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
 
$
4,260
 
$
4,416
 
Income from discontinued operations
 
 
-
 
 
28
 
Net income
 
$
4,260
 
$
4,444
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
 
 
11,862
 
 
12,108
 
Effect of dilutive common stock equivalents
 
 
60
 
 
89
 
 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
 
 
11,922
 
 
12,197
 
 
 
 
 
 
 
 
 
EPS:
 
 
 
 
 
 
 
Basic earnings per share
 
 
 
 
 
 
 
Earnings per share from continuing operations
 
$
0.36
 
$
0.36
 
Earnings per share from discontinued operations
 
$
-
 
$
-
 
Earnings per share
 
$
0.36
 
$
0.36
 
 
 
 
 
 
 
 
 
Diluted earnings per share
 
 
 
 
 
 
 
Earnings per share from continuing operations
 
$
0.36
 
$
0.36
 
Earnings per share from discontinued operations
 
$
-
 
$
-
 
Earnings per share
 
$
0.36
 
$
0.36
 
 
The calculation of diluted earnings per share excluded 103,997 and 79,925 antidilutive options outstanding for the three months ended March 31, 2016 and 2015, respectively.