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EARNINGS PER SHARE new
 6 Months Ended
Jun. 30, 2018
EARNINGS PER SHARE [Abstract}  
EARNINGS PER SHARE

10.    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 three and six months ended June 30, 2018 and 2017 is as follows:







 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

June 30,

 

June 30,



 

2018

 

2017

 

2018

 

2017



 

 

 

 

 

 

 

 

Basic - weighted average shares outstanding

 

 7,410,236 

 

 7,442,000 

 

 7,408,438 

 

 7,438,000 



 

 

 

 

 

 

 

 

Dilutive restricted share units

 

 1,211 

 

 3,013 

 

 186 

 

 3,353 

Dilutive stock options

 

 52,683 

 

 255 

 

 36,436 

 

 161 



 

 

 

 

 

 

 

 

Diluted - weighted average shares outstanding

 

 7,464,130 

 

 7,445,268 

 

 7,445,060 

 

 7,441,514 



 

 

 

 

 

 

 

 

Anti-dilutive securities

 

 -

 

 80,359 

 

 42,250 

 

 85,188