Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.5.0.2
Earnings Per Share
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per share ("EPS") has been computed by dividing net income by the weighted average number of shares of common stock outstanding during each period. Shares issued during the period are weighted for the portion of the period that they were outstanding. Our calculation of diluted earnings per common share includes the dilutive effects for an assumed vesting of restricted stock awards.
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2016
 
2015
 
2016
 
2015
Basic weighted average common shares outstanding
 
10,798,684

 
10,749,726

 
10,792,046

 
10,746,318

Effect of dilutive shares
 
27,323

 
42,622

 
27,651

 
31,940

Diluted weighted average common shares outstanding
 
10,826,007

 
10,792,348

 
10,819,697

 
10,778,258