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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2015
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 2 — EARNINGS PER SHARE

 

The following table presents a reconciliation of basic and diluted earnings per share for the three and six months ended June 30, 2015 and 2014, as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

    

2015

    

2014

 

 

2015

    

2014

 

Basic earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$
1,615

 

$
1,860

 

 

$
(3,400)

 

$
817

 

Weighted average number of common shares outstanding

 

 
14,662,934

 

 
14,732,423

 

 

 
14,630,308

 

 
14,696,137

 

Basic net income (loss) per share

 

$
0.11

 

$
0.13

 

 

$
(0.23)

 

$
0.06

 

Diluted earnings per share calculation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$
1,615

 

$
1,860

 

 

$
(3,400)

 

$
817

 

Weighted average number of common shares outstanding

 

 
14,662,934

 

 
14,732,423

 

 

 
14,630,308

 

 
14,696,137

 

Common stock equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and non-vested stock awards

 

 
118,020

 

 
448,076

 

 

 

 -

 

 
482,512

 

Weighted average number of common shares outstanding

 

 
14,780,954

 

 
15,180,499

 

 

 
14,630,308

 

 
15,178,649

 

Diluted net income (loss) per share

 

$
0.11

 

$
0.12

 

 

$
(0.23)

 

$
0.05