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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

Note 2–Earnings Per Share

 

Basic earnings per common share is computed using the weighted average number of shares outstanding.  Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributable to nonvested stock units and stock options outstanding, if dilutive.

 

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

March 31, 

    

2016

    

2015

 

Numerator:

 

 

 

 

 

 

 

Net income

 

$
9,063

 

$
8,584

 

Denominator:

 

 

 

 

 

 

 

Denominator for basic earnings per share

 

 
26,499

 

 
26,346

 

Dilutive effect of employee stock awards

 

 
172

 

 
247

 

Denominator for diluted earnings per share

 

 
26,671

 

 
26,593

 

Earnings per share:

 

 

 

 

 

 

 

Basic

 

$
0.34

 

$
0.33

 

Diluted

 

$
0.34

 

$
0.32

 

 

For the three months ended March 31, 2016 and 2015, the following outstanding nonvested stock units were excluded from the computation of diluted earnings per share because including them would have had an anti-dilutive effect:

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

March 31, 

    

2016

    

2015

 

Employee stock based awards

 

$
117

 

$

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