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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Earnings per share for the years ended December 31, were as follows:
 
(In thousands, except per share data)
2016
 
2015
 
2014
 
 
 
 
 
 
Net income
$
6,628

 
$
7,874

 
$
29,142

Weighted average shares outstanding - basic
8,059

 
8,107

 
8,110

Dilutive effect of share-based compensation
86

 
35

 
6

Weighted average shares outstanding - diluted
8,145

 
8,142

 
8,116

Per share information:
 
 
 
 
 
Basic earnings per share
$
0.82

 
$
0.97

 
$
3.59

Diluted earnings per share
0.81

 
0.97

 
3.59


Average outstanding stock options of 90,000, 109,000 and 178,000 for the years ended December 31, 2016, 2015 and 2014 were not included in the computation of earnings per share because the effect was antidilutive, due to the exercise price exceeding the average market price. The dilutive effect of share-based compensation in each year above relates to restricted stock awards.