Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
3 Months Ended
Mar. 31, 2017
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 March 31,
 
 
2017
 
2016
Basic weighted average common shares outstanding
 
10,822,669

 
10,778,368

Effect of dilutive shares
 
26,758

 
27,826

Diluted weighted average common shares outstanding
 
10,849,427

 
10,806,194