Earnings Per Share

12 Months Ended

Dec. 31, 2015

(16) Earnings Per Share

The following reconciles average shares outstanding for basic and diluted earnings per share for the years ended December 31, 2015, 2014 and 2013 (in thousands):


	Years Ended December 31,
	2015			2014			2013
Weighted average shares outstanding		17,037			17,197			17,614
Less: Unallocated ESOP shares		(378	)		(412	)		(446	)
Unallocated Incentive award shares and shares held by deferred compensation plan		(59	)		(98	)		(97	)

Average basic shares outstanding		16,600			16,687			17,071
Add: Effect of dilutive securities:
Incentive awards and shares held by deferred compensation plan		211			110			86

Average diluted shares outstanding		16,811			16,797			17,157

For the years ended December 31, 2015, 2014 and 2013, 926,000, 767,000, and 852,000, respectively, of antidilutive stock options were excluded from earnings per share calculations.