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EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2019

EARNINGS PER SHARE

EARNINGS PER SHARE

4. EARNINGS PER SHARE

Basic and diluted earnings per share are computed by dividing net income by the weighted average number of shares outstanding during the respective periods. In addition, the Company has periodically issued share-based payment awards that contain non-forfeitable rights to dividends and are therefore considered participating securities. Restricted shares of common stock (participating securities) outstanding and a reconciliation of weighted average shares outstanding is as follows:

		Three months ended March 31,
(In thousands)		2019				2018
Net income available for stockholders:		$	7,469			$	7,609
Less: Adjustments for earnings attributable to participating securities			(183	)			(212	)
Net income used in calculating earnings per share		$	7,286			$	7,397
Weighted average shares outstanding (including participating securities)			34,243				34,607
Adjustment for participating securities			(872	)			(986	)
Shares used in calculating basic and diluted earnings per share			33,371				33,621

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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