EARNINGS PER SHARE DATA (Tables)

6 Months Ended

Jun. 30, 2015

EARNINGS PER SHARE DATA [Abstract]

Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):

	Three Months Ended  June 30,		Six Months Ended June 30,
	2015	2014	2015	2014
Basic:
Weighted average shares outstanding	14,368	14,708	14,380	14,716
Net income	$     7,167	$      14,884	$   16,818	$   25,847
Convertible preferred stock dividend	22	22	45	45
Net income attributable to common shareholders	$    7,145	$      14,862	$  16,773	$   25,802
Per share amount	$      0.50	$          1.01	$      1.17	$       1.75
Diluted:
Weighted average shares outstanding	14,368	14,708	14,380	14,716
Assumed conversion of convertible  preferred stock	840	840	840	840
Total dilutive shares	15,208	15,548	15,220	15,556
Net income attributable to  common shareholders	$    7,145	$      14,862	$    16,773	$  25,802
Convertible preferred stock dividend	22	22	45	45
Net income for diluted  earnings per share	$    7,167	$      14,884	$    16,818	$  25,847
Per share amount	$      0.47	$          0.96	$        1.11	$      1.66