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Earnings Per Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
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.