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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2017

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)	2017				2016				2015
Net income	$	8,090			$	6,628			$	7,874
Weighted average shares outstanding - basic	8,070				8,059				8,107
Dilutive effect of share-based compensation	156				86				35
Weighted average shares outstanding - diluted	8,226				8,145				8,142
Per share information:
Basic earnings per share	$	1.00			$	0.82			$	0.97
Diluted earnings per share	0.98				0.81				0.97

Average outstanding stock options of 42,000, 90,000 and 109,000 for the years ended December 31, 2017, 2016 and 2015 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 principally to restricted stock awards.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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