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Net Income Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Net Income Per Share
3. NET INCOME PER SHARE

Basic net income per share is computed by dividing net income by the weighted average shares of common stock outstanding. Diluted net income per share is computed by dividing net income by the weighted average shares of common stock outstanding, adjusted for the effect of potentially dilutive stock awards outstanding during the period. The following table reflects weighted average shares used to calculate basic and diluted net income per share for the periods presented.

 

     Three Months Ended
June 30		      Six Months Ended
June 30		  
     2014      2013      2014      2013  

Basic shares

      6,115,689         6,023,622         6,115,475         6,023,622   

Dilutive shares

      10,750         —           10,750         —     
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted shares

      6,126,439         6,023,622         6,126,225         6,023,622   
  

 

 

     

 

 

     

 

 

     

 

 

  

Subsequent to June 30, 2014, the Company granted 72,650 fully vested nonqualified stock options to executive management and members of the board of directors. Since the grant was subsequent to June 30, 2014, these options are not included in dilutive shares in the table above.