WEIGHTED AVERAGE SHARES OUTSTANDING

6 Months Ended

Jun. 30, 2016

NOTE 11 – WEIGHTED AVERAGE SHARES OUTSTANDING

Earnings per share have been computed based on the following weighted average number of common shares outstanding:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2016		2015		2016		2015
	(Share Data in Thousands)				(Share Data in Thousands)
Basic shares outstanding		34,833		32,184		33,792		31,318
Plus: Dilutive effect of ISOs		117		116		113		115
Plus: Dilutive effect of restricted share grants		203		220		202		220
Diluted shares outstanding		35,153		32,520		34,107		31,653

The Company did not exclude any potential common shares for the three-month and six-month periods ended June 30, 2016. For both the three-month and six-month periods ended June 30, 2015, the Company excluded 5,000 potential common shares with strike prices that would cause them to be anti-dilutive.