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Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Earnings Per Share

Basic earnings per share is computed by dividing net income available to common shareholders (net income less dividend requirements for preferred stock and accretion of preferred stock discount) by the weighted-average number of common shares outstanding. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The following table shows computation of basic and diluted earnings per share.

		Three Months Ended								Nine Months Ended
		September 30								September 30
		2016				2015				2016				2015
		(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
Basic earnings per share
Net income		$	6,602			$	4,288			$	18,309			$	14,374
Less: Preferred stock dividends			—				31				42				94
Net income available to common shareholders		$	6,602			$	4,257			$	18,267			$	14,280
Weighted average common shares outstanding(1)			21,538,752				17,408,964				19,252,295				15,044,129
Basic earnings per share		$	0.31			$	0.24			$	0.95			$	0.95
Diluted earnings per share
Net income available to common shareholders		$	6,602			$	4,257			$	18,267			$	14,280
Weighted average common shares outstanding(1)			21,538,752				17,408,964				19,252,295				15,044,129
Effect of dilutive securities:
Warrants			—				321,888				—				436,044
Restricted stock			33,650				50,207				27,590				46,092
Stock options			79,551				58,823				66,491				54,446
Weighted average shares outstanding			21,651,953				17,839,882				19,346,376				15,580,711
Diluted earnings per share		$	0.30			$	0.24			$	0.94			$	0.92

⁽¹⁾  Adjusted for 3:2 stock split on November 14, 2016

There were zero shares for both the three and nine months ended September 30, 2016, respectively, and 3,750 for both the three and nine months ended September 30, 2015 which were not included in the computation of diluted earnings per share because they were non-dilutive.

Horizon has share-based employee compensation plans, which are described in the notes to the financial statements included in the December 31, 2015 Annual Report on Form 10-K.

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- References

No definition available.

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- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

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