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Earnings Per Share | 6 Months Ended
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Jun. 30, 2016
Earnings Per Share [Abstract] |
Earnings Per Share | 2. Earnings Per Share Basic earnings per share represents income available to common stockholders divided by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate solely to outstanding stock options and are determined using the treasury stock method. ﻿ The following table sets forth the weighted average shares outstanding used in the computations of basic and diluted earnings per share. ﻿ (in thousands) ﻿
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﻿ |  | Three Months Ended |  | Six Months Ended
﻿ |  | June 30, |  | June 30,
﻿ |  | 2016 |  | 2015 |  | 2016 |  | 2015
﻿Weighted average shares outstanding |  | 3,691 |  | 3,680 |  | 3,696 |  | 3,680
﻿Less: Unvested restricted shares |  | 14 |  | 9 |  | 14 |  | 9
﻿Basic EPS weighted average shares outstanding |  | 3,677 |  | 3,671 |  | 3,682 |  | 3,671
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﻿Basic EPS weighted average shares outstanding |  | 3,677 |  | 3,671 |  | 3,682 |  | 3,671
﻿Add: Dilutive effect of stock options |  | 6 |  | 11 |  | 6 |  | 11
﻿Diluted EPS weighted average shares outstanding |  | 3,683 |  | 3,682 |  | 3,688 |  | 3,682
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﻿ ﻿ ﻿ ﻿ Stock options with strike prices ranging from $28.41 to $29.08 which had no intrinsic value, because their effect would be anti-dilutive and therefore would not be included in the diluted EPS calculation, were 58,300 as of June 30, 2016 based upon the closing price of Norwood common stock of $28.00 per share on June 30, 2016. There was no anti-dilutive effect at June 30, 2015.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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