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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2017
EARNINGS PER SHARE [Abstract}  
EARNINGS PER SHARE

13.    EARNINGS PER SHARE



Basic earnings per share (“EPS”) is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive.



A reconciliation of the shares used in the basic and diluted income per common share computation for the years ended December 31, as follows:







 

 

 

 

 

 



 

Year-ended December 31,



 

2017

 

2016

 

2015



 

 

 

 

 

 

Basic - weighted average shares outstanding

 

 7,428,176 

 

 7,505,219 

 

 7,563,205 



 

 

 

 

 

 

Dilutive restricted share units

 

 19,442 

 

-

 1

 9,987 

Dilutive stock options

 

 2,694 

 

-

 1

 980 



 

 

 

 

 

 

Diluted - weighted average shares outstanding

 

 7,450,312 

 

 7,505,219 

 

 7,574,172 



 

 

 

 

 

 

Anti-dilutive securities

 

 71,537 

 

 97,894 

 

 84,210 



(1)

No dilutive share impact due to net loss.