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Earnings Per Share
12 Months Ended
Dec. 31, 2014
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, 2014, 2013 and 2012 (in thousands):

 

     Years Ended December 31,  
     2014      2013      2012  

Weighted average shares outstanding

     17,197         17,614         18,303   

Less: Unallocated ESOP shares

     (412      (446      (480

 Unallocated Incentive award shares and shares held by deferred compensation plan

     (98      (97      (93
  

 

 

    

 

 

    

 

 

 

Average basic shares outstanding

     16,687         17,071         17,730   

Add: Effect of dilutive securities:

        

Incentive awards and shares held by deferred compensation plan

     110         86         99   
  

 

 

    

 

 

    

 

 

 

Average diluted shares outstanding

     16,797         17,157         17,829   
  

 

 

    

 

 

    

 

 

 

For the years ended December 31, 2014, 2013 and 2012, 767,000, 852,000 and 1,253,000, respectively, antidilutive stock options were excluded from earnings per share calculations.