Three months ended

March 31

(In thousands)

2016

2015

Net income available for stockholders:

$

3,921

$

2,929

Less: Adjustments for earnings attributable to participating securities

(129

)

(95

)

Net Income in calculating earnings per share

$

3,792

$

2,834

Weighted average shares outstanding (including participating securities)

38,298

37,028

Adjustment for participating securities

(1,291

)

(1,244

)

Shares used in calculating basic earnings per share

37,007

35,784

Dilutive effect of stock based awards

-

236

Shares used in calculating diluted earnings per share

37,007

36,020