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Income (loss) per share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Income (loss) per share

Note 7: Income (loss) per share

The Company is required to present basic income (loss) per share and diluted income (loss) per share in its consolidated statements of operations. Basic income (loss) per share amounts are computed by dividing net income (loss) by the weighted average number of common shares outstanding. Diluted income (loss) per share reflects additional common shares that would have been outstanding if potentially dilutive 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 to outstanding stock options and are determined using the treasury stock method. The Company is also required to provide a reconciliation of the numerator and denominator used in the computation of both basic and diluted income (loss) per share.

The stock options and non-vested restricted stock awards did not have an impact on the diluted earnings per share. The following is information about the computation of income (loss) per share for the three months ended March 31, 2014 and 2013:

 

           Weighted Average
Common Shares
O/S		         
Three months ended March 31, 2014    Net Income        Amount  

Basic and Diluted Income Per Share

        

Income attributable to common shareholders

    $ 319,000        38,493,189       $ 0.01   
  

 

 

    

 

 

     

 

 

  
Three months ended March 31, 2013    Net Loss     Weighted Average
Common Shares
O/S		      Amount  

Basic and Diluted Loss Per Share

        

Loss attributable to common shareholders

    $ (1,957,000 )      38,435,597       $ (0.05 ) 
  

 

 

    

 

 

     

 

 

  

 

Note 8: Other Comprehensive Income

Other comprehensive income, which is comprised solely of the change in unrealized gains and losses on available-for-sale securities, is as follows:

 

     Three Months Ended      Three Months Ended  
     March 31, 2014      March 31, 2013  
( in thousands)    Before Tax
Amount		      Tax Effect      Net of Tax
Amount		      Before Tax
Amount		      Tax Effect      Net of Tax
Amount		  

Unrealized holding gains arising during the period

    $ 393       $ —         $ 393       $ 55       $ —         $ 55