Earnings Per Share

9 Months Ended

Sep. 30, 2016

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 stock options. 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, 2016 and 2015 were as follows:



	For the three months				For the nine months
	ended September 30,				ended September 30,
Amounts in thousands	2016		2015		2016		2015
Weighted average common shares, basic		24,440		24,399		24,452		24,389
Dilutive effect of stock options		235		41		192		41
Weighted average common shares, diluted		24,675		24,440		24,644		24,430

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	2016		2015		2016		2015
Stock options		35		1,469		35		1,469