XML 27 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
The following table presents earnings per share for the three and six months ended June 30, 2018 and 2017.
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands, except per share data)
2018
 
2017
 
2018
 
2017
Net income
$
4,012

 
$
3,308

 
$
7,637

 
$
5,310

Weighted average shares outstanding - basic
8,094

 
8,069

 
8,088

 
8,064

Dilutive effect of share-based compensation
189

 
139

 
187

 
139

Weighted average shares outstanding - diluted
8,283

 
8,208

 
8,275

 
8,203

Per share information:
 
 
 
 
 
 
 
Basic earnings per share
$
0.50

 
$
0.41

 
$
0.94

 
$
0.66

Diluted earnings per share
0.48

 
0.40

 
0.92

 
0.65



Average outstanding stock options of 22,000 and 46,000 for the three months ended June 30, 2018 and 2017, and of 24,000 and 48,000 for the six months ended June 30, 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.