XML 15 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Common Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Common Share

2. Earnings Per Common Share

Basic earnings per common share is based on the weighted average number of common shares outstanding for the three months ended March 31, 2014 and 2013. Diluted earnings per common share is based on the weighted average number of common shares outstanding, plus the incremental shares that would have been outstanding upon the assumed conversion of convertible instruments, exercise of all potentially dilutive stock options and other stock units subject to anti-dilution limitations.

The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except shares and per share data):

 

 

Three Months Ended

 

 

March 31,

 

 

2014

 

 

2013

 

Net income attributable to common stockholders

$

494

 

 

$

1,653

 

Weighted average basic shares

 

8,053,497

 

 

 

7,949,571

 

Dilutive effect of preferred stocks*, stock options and

   restricted stock units

 

571,761

 

 

 

1,433,807

 

Total weighted average diluted shares

 

8,625,258

 

 

 

9,383,378

 

Earnings per common share:

 

 

 

 

 

 

 

Basic

$

0.06

 

 

$

0.21

 

Dilutive

$

0.06

 

 

$

0.18

 

 

*Preferred stock was anti-dilutive in 2014 and excluded.