Earnings Per Share

6 Months Ended

Jun. 30, 2018

Note 8. Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:


	Three Months Ended June 30,				Six Months Ended June 30,
In thousands, except per share amounts	2018		2017		2018		2017
Numerator:
Net income	$	8,482	$	6,135	$	17,126	$	13,769

Denominator:
Weighted average shares outstanding for basic earnings per share		11,658		11,554		11,638		11,524
Effect of dilutive securities		480		176		446		199

Weighted average shares adjusted for dilutive securities		12,138		11,730		12,084		11,723

Earnings per share:
Basic	$	0.73	$	0.53	$	1.47	$	1.19

Diluted	$	0.70	$	0.52	$	1.42	$	1.17

Options to purchase 138 thousand and 249 thousand shares of common stock were outstanding during the three and six months ended June 30, 2018 and 2017, respectively, but were not included in the computation of diluted earnings per share because they were anti-dilutive.