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SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2015

SIGNIFICANT ACCOUNTING POLICIES

Schedule of amortized cost basis, fair value and net unrealized gains on the available-for-sale securities

December 31,		2015												2014
Type of Securities		Amortized Cost Basis				Fair Value				Net Unrealized Loss				Amortized Cost Basis				Fair Value				Net Unrealized Gain
(in thousands)
Municipal Obligations		$	30,996			$	30,996			$	0			$	31,990			$	32,080			$	90
Corporate Obligations			3,961				3,958				(3	)			5,409				5,404				(5	)
Total		$	34,957			$	34,954			$	(3	)		$	37,399			$	37,484			$	85

Schedule of analysis of warranty accruals

(in thousands)		2015				2014
Balance at beginning of year		$	3,836			$	3,410
Less: Payments made during the year			(1,653	)			(1,551	)
Add: Warranty provision for the current year			2,074				1,863
Changes to warranty provision for prior years			(852	)			114
Balance at end of year		$	3,405			$	3,836

Schedule of reconciliation of weighted average shares outstanding

(In thousands except per share data)		2015				2014				2013
Net income available for stockholders:		$	14,306			$	8,914			$	7,528
Less: Dividends paid
Common stock			(7,393	)			(5,911	)			(5,525	)
Restricted shares of common stock			(245	)			(191	)			(180	)
Undistributed earnings		$	6,668			$	2,812			$	1,823
Allocation of undistributed earnings:
Common stock		$	6,449			$	2,720			$	1,762
Restricted shares of common stock			219				92				61
Basic shares outstanding:
Common stock			35,703				35,691				35,556
Restricted shares of common stock			1,252				1,246				1,264
			36,955				36,937				36,820
Diluted shares outstanding:
Common stock			35,703				35,691				35,556
Dilutive effect of stock based awards			192				291				324
			35,895				35,982				35,880
Restricted shares of common stock			1,252				1,246				1,264
			37,147				37,228				37,144
Basic earnings per share:
Common stock:
Distributed earnings		$	0.21			$	0.16			$	0.15
Undistributed earnings			0.18				0.08				0.05
		$	0.39			$	0.24			$	0.20
Restricted shares of common stock:
Distributed earnings		$	0.20			$	0.15			$	0.14
Undistributed earnings			0.17				0.08				0.05
		$	0.37			$	0.23			$	0.19
Diluted earnings per share:
Common stock:
Distributed earnings		$	0.21			$	0.16			$	0.15
Undistributed earnings			0.18				0.08				0.05
		$	0.39			$	0.24			$	0.20

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Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

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Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

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