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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The following table presents earnings per share for years ended December 31.

(In thousands, except per share data)			2018						2017						2016
Net income			$	12,805					$	8,090					$	6,628
Weighted average shares outstanding - basic			8,360						8,070						8,059
Dilutive effect of share-based compensation			177						156						86
Weighted average shares outstanding - diluted			8,537						8,226						8,145
Per share information:
Basic earnings per share			$	1.53					$	1.00					$	0.82
Diluted earnings per share			1.50						0.98						0.81

Average outstanding stock options of 21,000, 42,000 and 90,000 for the years ended December 31, 2018, 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 year above relates principally to restricted stock awards.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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