Earnings Per Share

12 Months Ended

Dec. 31, 2018

The following table sets forth the computation of basic and diluted EPS:



(Thousands except per share amounts)	2018		2017		2016
Numerator for basic and diluted EPS:
Net income	$	20,846	$	11,451	$	25,740
Denominator:
Denominator for basic EPS:
Weighted-average shares outstanding	20,212		20,027		19,983
Effect of dilutive securities:
Stock appreciation rights	170		174		74
Restricted stock units	85		96		88
Performance-based restricted stock units	146		118		68
Diluted potential common shares	401		388		230
Denominator for diluted EPS:
Adjusted weighted-average shares outstanding	20,613		20,415		20,213
Basic EPS	$	1.03	$	0.57	$	1.29
Diluted EPS	$	1.01	$	0.56	$	1.27

Equity awards covering shares of common stock totaling 65,112 in 2018, 124,319 in 2017, and 818,268 in 2016 were excluded from the diluted EPS calculation as their effect would have been anti-dilutive.