Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
9 Months Ended
Sep. 30, 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 September 30,
 
Nine months ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Basic weighted average common shares outstanding
 
10,838,435

 
10,798,684

 
10,833,237

 
10,792,046

Effect of dilutive shares
 
18,240

 
27,323

 
22,746

 
27,651

Diluted weighted average common shares outstanding
 
10,856,675

 
10,826,007

 
10,855,983

 
10,819,697