XML 27 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2018
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, 2018 and 2017.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands, except per share information)
2018
 
2017
 
2018
 
2017
Net income
$
4,016

 
$
2,774

 
$
11,653

 
$
8,084

Weighted average shares outstanding - basic
8,099

 
8,075

 
8,092

 
8,068

Dilutive effect of share-based compensation
172

 
164

 
182

 
147

Weighted average shares outstanding - diluted
8,271

 
8,239

 
8,274

 
8,215

Per share information:
 
 
 
 
 
 
 
Basic earnings per share
$
0.50

 
$
0.34

 
$
1.44

 
$
1.00

Diluted earnings per share
0.49

 
0.34

 
1.41

 
0.98



Average outstanding stock options of 21,000 and 30,000 for the three months ended September 30, 2018 and 2017, and of 23,000 and 42,000 for the nine months ended September 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.