Equity (Tables)

12 Months Ended

Dec. 31, 2017

Restricted Shares Issued in Conjunction with Stock Plan

Restricted Shares issued for 2015 – 2017 in conjunction with the Stock Plan are presented in the following table:


Issuance Date	Shares	Aggregate Market Value (millions)
1/26/15	40,010	$1.5
1/26/16	43,220	$1.6
4/19/16	800	<$0.1
1/30/17	34,930	$1.6

Restricted Stock Units Issued

The equity portion of Restricted Stock Units activity during 2017 and 2016 in conjunction with the Stock Plan are presented in the following table:


Restricted Stock Units (Equity Portion)
	2017				2016
	Units		Weighted Average Stock Price		Units		Weighted Average Stock Price
Beginning Restricted Stock Units		43,345	$	33.40		33,588	$	31.83
Restricted Stock Units Granted		7,522	$	50.23		8,505	$	38.51
Dividend Equivalents Earned		1,357	$	48.57		1,252	$	41.00
Restricted Stock Units Settled		—		—		—		—

Ending Restricted Stock Units		52,224	$	36.22		43,345	$	33.40

Reconciliation of Basic and Diluted Earnings Per Share

Earnings Per Share

The following table reconciles basic and diluted earnings per share (EPS).


(Millions except shares and per share data)	2017		2016		2015
Earnings Available to Common Shareholders	$	29.0	$	27.1	$	26.3

Weighted Average Common Shares Outstanding—Basic (000’s)		14,095		13,990		13,917
Plus: Diluted Effect of Incremental Shares (000’s)		7		6		3

Weighted Average Common Shares Outstanding—Diluted (000’s)		14,102		13,996		13,920

Earnings per Share—Basic and Diluted	$	2.06	$	1.94	$	1.89

Weighted Average Non Vested Restricted Shares Excluded from Computation of Earnings Per Share

The following table shows the number of weighted average non-vested restricted shares that were not included in the above computation of EPS because the effect would have been antidilutive.

2017

2016

2015

Weighted Average Non-Vested Restricted Shares Not Included in EPS Computation

8,733

600

36,941