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

Note 13. Earnings Per Share

The following schedule reconciles the computation of basic and diluted earnings per share for the periods indicated:

 

     Year Ended December 31,  
In thousands, except per share amounts    2016      2015      2014  

Numerator:

        

Net income

   $ 24,031       $ 23,365       $ 14,802   
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Weighted average shares outstanding for basic earnings per share

     11,824         12,849         12,701   

Effect of dilutive securities

     261         225         250   
  

 

 

    

 

 

    

 

 

 

Weighted average shares adjusted for dilutive securities

     12,085         13,074         12,951   
  

 

 

    

 

 

    

 

 

 

Earnings per share:

        

Basic

   $ 2.03       $ 1.82       $ 1.17   
  

 

 

    

 

 

    

 

 

 

Diluted

   $ 1.99       $ 1.79       $ 1.14   
  

 

 

    

 

 

    

 

 

 

 

Options to purchase 140 thousand, 489 thousand, and 478 thousand shares of common stock were outstanding during the years ended December 31, 2016, 2015, and 2014, respectively, but were not included in the computation of diluted earnings per share because they were anti-dilutive.