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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Analysis of Basic and Diluted Earnings Per Share
The following is an analysis of basic and diluted EPS, reflecting the application of the two-class method, as described below:
 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
 
2017
 
2016(4)
 
2017
 
2016(4)
Net income
 
$
10,234

 
$
9,616

 
$
20,310

 
$
18,262

Dividends and undistributed earnings allocated to participating securities(1)
 
(43
)
 
(49
)
 
(88
)
 
(81
)
Net income available to common shareholders
 
$
10,191

 
$
9,567

 
$
20,222

 
$
18,181

Weighted-average common shares outstanding for basic EPS
 
15,512,761

 
15,415,308

 
15,500,862

 
15,402,629

Dilutive effect of stock-based awards(2)
 
73,810

 
75,702

 
75,849

 
70,169

Weighted-average common and potential common shares for diluted EPS
 
15,586,571

 
15,491,010

 
15,576,711

 
15,472,798

Earnings per common share(1):
 
 

 
 

 
 
 
 
Basic EPS
 
$
0.66

 
$
0.62

 
$
1.31

 
$
1.18

Diluted EPS
 
$
0.66

 
$
0.62

 
$
1.30

 
$
1.18

Awards excluded from the calculation of diluted EPS(3):
 
 
 
 
 
 
 
 
Stock options
 
585

 
18,375

 
585

 
18,375


(1) Represents dividends paid and undistributed earnings allocated to nonvested stock-based awards that contain non-forfeitable rights to dividends.
(2) Represents the effect of the assumed exercise of stock options, vesting of restricted shares and vesting of restricted stock units utilizing the treasury stock method. Not included are the unvested LTIP awards as they have not met the performance criteria for the periods presented.
(3) Represents stock-based awards not included in the computation of potential common shares for purposes of calculating diluted EPS as the exercise prices were greater than the average market price of the Company's common stock and are considered anti-dilutive.
(4) Share and per share amounts for the three and six months ended June 30, 2016 have been adjusted to reflect the three-for-two stock split effective September 30, 2016.