Earnings Per Share

9 Months Ended

Sep. 30, 2014

8.EARNINGS PER SHARE

The calculation of basic earnings per share considers only weighted average outstanding common shares in the computation. The calculation of diluted earnings per share gives effect to all potentially dilutive securities. The calculation of diluted earnings per share is based upon the weighted average number of common shares outstanding during the period, plus, if dilutive, the assumed exercise of stock options using the treasury stock method. Weighted average shares outstanding for the three and nine months ended September 30, 2014 and 2013 were as follows:



	For the three months				For the nine months
	ended September 30,				ended September 30,
Amounts in thousands	2014		2013		2014		2013
Weighted average common shares, basic		24,381		24,249		24,380		24,334
Dilutive effect of stock options		36		164		39		130
Weighted average common shares, diluted		24,417		24,413		24,419		24,464

The following stock options are anti-dilutive and have not been included in the weighted average shares outstanding calculation:



	For the three months				For the nine months
	ended September 30,				ended September 30,
Amounts in thousands	2014		2013		2014		2013
Stock options		68		68		68		68

- Definition

The entire disclosure for earnings per share.

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