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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table presents earnings per share for the three and nine months ended September 30, 2017 and 2016.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands, except per share information)
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Net income
$
2,774

 
$
1,442

 
$
8,084

 
$
4,700

Weighted average shares outstanding - basic
8,075

 
8,056

 
8,068

 
8,060

Dilutive effect of share-based compensation
164

 
93

 
147

 
82

Weighted average shares outstanding - diluted
8,239

 
8,149

 
8,215

 
8,142

Per share information:
 
 
 
 
 
 
 
Basic earnings per share
$
0.34

 
$
0.18

 
$
1.00

 
$
0.58

Diluted earnings per share
0.34

 
0.18

 
0.98

 
0.58



Average outstanding stock options of 30,000 and 81,000 for the three months ended September 30, 2017 and 2016, and of 42,000 and 93,000 for the nine months ended September 30, 2017 and 2016, 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 period above relates principally to restricted stock awards.