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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2016
EARNINGS PER SHARE  
Schedule of computation of basic and diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 

 

June 30, 

 

 

    

2016

    

2015

    

2016

    

2015

 

 

 

(in thousands)

 

(in thousands)

 

Net income

 

 

749

 

$

481

 

$

1,355

 

$

755

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock

 

 

7,326

 

 

7,324

 

 

7,326

 

 

7,324

 

Dilutive potential common shares from stock options and restricted stock units

 

 

80

 

 

 -

 

 

74

 

 

 —

 

Common stock and common stock equivalents

 

 

7,406

 

 

7,324

 

 

7,400

 

 

7,324

 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share, basic and diluted

 

$

0.10

 

$

0.06

 

$

0.18

 

$

0.10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares subject to anti-dilutive stock options and restricted stock-based awards excluded from calculation

 

 

87

 

 

124

 

 

93

 

 

123