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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2019
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, 2019 and 2018.
| Three Months Ended September 30, |  |  |  | Nine Months Ended September 30, |  |
(In thousands, except per share information) | 2019 |  | 2018 |  | 2019 |  | 2018
Net income | $ | 6,901 |  |  | $ | 4,016 |  |  | $ | 12,690 |  |  | $ | 11,653 |
Weighted average shares outstanding - basic | 10,949 |  |  | 8,099 |  |  | 10,159 |  |  | 8,092 |
Dilutive effect of share-based compensation | 145 |  |  | 172 |  |  | 159 |  |  | 182 |
Weighted average shares outstanding - diluted | 11,094 |  |  | 8,271 |  |  | 10,318 |  |  | 8,274 |
Per share information: |  |  |  |  |  |  |
Basic earnings per share | $ | 0.63 |  |  | $ | 0.50 |  |  | $ | 1.25 |  |  | $ | 1.44 |
Diluted earnings per share | 0.62 |  |  | 0.49 |  |  | 1.23 |  |  | 1.41 |
Average outstanding stock options and restricted shares totaling 21,000 and 21,000 for the three months ended September 30, 2019 and 2018, and totaling 36,000 and 23,000 for the nine months ended September 30, 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 + Details
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