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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The following table presents earnings per share for the three months ended March 31, 2019 and 2018.

															Three Months Ended March 31,
(In thousands, except per share information)															2019						2018
Net income															$	3,102					$	3,625
Weighted average shares outstanding - basic															9,160						8,082
Dilutive effect of share-based compensation															166						186
Weighted average shares outstanding - diluted															9,326						8,268
Per share information:
Basic earnings per share															$	0.34					$	0.45
Diluted earnings per share															0.33						0.44

Average outstanding stock options of 41,000 and 26,000 for the three months ended March 31, 2019 and 2018, 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://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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