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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE

The following table presents the calculation of earnings per share:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(in thousands, except per share and share data)
 
2019
 
2018
 
2019
 
2018
Net income
 
$
5,015

 
$
8,970

 
$
18,413

 
$
25,317

 
 
 
 
 
 
 
 
 
Average number of basic common shares outstanding
 
15,547,276

 
15,503,488

 
15,536,414

 
15,478,207

Plus: dilutive effect of stock options and awards outstanding (1)
 
34,027

 
76,575

 
45,282

 
85,559

Average number of diluted common shares outstanding (1)
 
15,581,303

 
15,580,063

 
15,581,696

 
15,563,766

 
 
 
 
 
 
 
 
 
Anti-dilutive options excluded from earnings calculation
 
—

 
—

 
—

 
14,394

 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.32

 
$
0.58

 
$
1.19

 
$
1.64

Diluted
 
$
0.32

 
$
0.58

 
$
1.18

 
$
1.63


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(1) Average diluted shares outstanding are computed using the treasury stock method.