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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The following table presents earnings per share for the three months ended March 31, 2018 and 2017.

		Three Months Ended March 31,
(In thousands, except per share data)		2018				2017
Net income		$	3,625			$	2,002
Weighted average shares outstanding - basic		8,082				8,060
Dilutive effect of share-based compensation		186				138
Weighted average shares outstanding - diluted		8,268				8,198
Per share information:
Basic earnings per share		$	0.45			$	0.25
Diluted earnings per share		0.44				0.24

Average outstanding stock options of 26,000 and 49,000 for the three months ended March 31, 2018 and 2017, 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.

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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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