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Earnings Per Share
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

(15) Earnings Per Share

The following reconciles average shares outstanding for basic and diluted earnings per share for the years ended December 31, 2013, 2012 and 2011 (in thousands):

 

     Years Ended December 31,  
     2013     2012     2011  

Weighted average shares outstanding

     17,614        18,303        18,828   

Less: Unallocated ESOP shares

     (446     (480     (514

Unallocated Incentive award shares and shares held by deferred compensation plan

     (97     (93     (123
  

 

 

   

 

 

   

 

 

 

Average basic shares outstanding

     17,071        17,730        18,191   

Add: Effect of dilutive securities:

      

Incentive awards and shares held by deferred compensation plan

     86        99        49   
  

 

 

   

 

 

   

 

 

 

Average diluted shares outstanding

     17,157        17,829        18,240   
  

 

 

   

 

 

   

 

 

 

For the years ended December 31, 2013, 2012 and 2011, 852,000, 1,253,000 and 2,047,000, respectively, antidilutive stock options were excluded from earnings per share calculations.