Earnings Per Share The following table sets forth the computation of basic and diluted EPS: | | | | | | | | | | | | | | (Thousands except per share amounts) | | 2016 | | 2015 | | 2014 | Numerator for basic and diluted EPS: | | | | | | | Net income | | $ | 25,740 |
|
| $ | 32,158 |
| | $ | 42,131 |
| Denominator: | |
|
| | | | Denominator for basic EPS: | |
|
| | | | Weighted-average shares outstanding | | 19,983 |
|
| 20,097 |
| | 20,461 |
| Effect of dilutive securities: | |
|
| | | | Stock appreciation rights | | 74 |
|
| 156 |
| | 197 |
| Restricted stock units | | 88 |
|
| 91 |
| | 125 |
| Performance-based restricted stock units | | 68 |
|
| 58 |
| | 69 |
| Diluted potential common shares | | 230 |
| | 305 |
| | 391 |
| Denominator for diluted EPS: | | | | | | | Adjusted weighted-average shares outstanding | | 20,213 |
| | 20,402 |
| | 20,852 |
| Basic EPS | | $ | 1.29 |
| | $ | 1.60 |
| | $ | 2.06 |
| Diluted EPS | | $ | 1.27 |
| | $ | 1.58 |
| | $ | 2.02 |
|
SARs totaling 182,186 in 2016, 376,550 in 2015, and 328,611 in 2014 were excluded from the diluted EPS calculation as their effect would have been anti-dilutive.
|