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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
The following table sets forth the reconciliation from basic to diluted average common shares and the calculations of net income per common share.  Net income for basic and diluted calculations do not differ.
 
 
Three Months Ended 
 March 31,
(In thousands, except per share)
2015
 
2014
Net Income
$
7,359

 
$
7,238

Average Common Shares:
 
 
 
Basic (weighted-average outstanding shares)
11,280

 
12,084

Dilutive potential common shares from stock options
156

 
186

Diluted (weighted-average outstanding shares)
11,436

 
12,270

 
 
 
 
Basic earnings per share
$
0.65

 
$
0.60

Diluted earnings per share
$
0.64

 
$
0.59



Stock options totaling 66,650 and zero shares for the three months ended March 31, 2015 and 2014, respectively, were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.

The main difference between diluted common shares at March 31, 2015 as compared to March 31, 2014 are the shares the Company retired in September 2014 relating to the stock repurchase with Capital Southwest Corporation.