Earnings Per Share

9 Months Ended

Sep. 30, 2015

10.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, 2015 and 2014 were as follows:



	For the three months				For the nine months
	ended September 30,				ended September 30,
Amounts in thousands	2015		2014		2015		2014
Weighted average common shares, basic		24,399		24,381		24,389		24,380
Dilutive effect of stock options		41		36		41		39
Weighted average common shares, diluted		24,440		24,417		24,430		24,419

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	2015		2014		2015		2014
Stock options		1,469		68		1,469		68