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Earnings Per Share | 3 Months Ended
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Mar. 31, 2018
Earnings Per Share [Abstract] |
Earnings Per Share | 3. 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. All share and per share information has been restated to reflect the retroactive effect of the 50% stock dividend declared on August 8, 2017. ﻿
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﻿(in thousands) |  | Three Months Ended
﻿ |  | March 31,
﻿ |  | 2018 |  | 2017
﻿Weighted average shares outstanding |  | 6,256 |  | 6,243
﻿Less: Unvested restricted shares |  | (31) |  | (29)
﻿Basic EPS weighted average shares outstanding |  | 6,225 |  | 6,215
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﻿Basic EPS weighted average shares outstanding |  | 6,225 |  | 6,215
﻿Add: Dilutive effect of stock options |  | 54 |  | 53
﻿Diluted EPS weighted average shares outstanding |  | 6,279 |  | 6,267
﻿ |  |  |  |
As of March 31, 201 8, there wer e 34,000 stock options that would be anti-dilutive to the earnings per share calculations based upon the closing price of Norwood common stock of $30.09 per share on March 31, 201 8. A s of March 31, 201 7, there wer e no anti-dilutive options based on Norwood's closing price of $27.93 per share, after adjus ting for the 50% stock dividend declared on August 8, 2017.

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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 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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