Earnings Per Share

3 Months Ended

Mar. 31, 2019

For the quarters ended March 31, 2019 and 2018, basic earnings per share were computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Unexercised stock options and unvested restricted shares are excluded from this calculation but are included in the diluted earnings per share calculation using the treasury stock method as long as their effect is not antidilutive.

The following table provides a reconciliation of weighted-average shares used to determine basic and diluted earnings per share:



	Quarter Ended March 31,
In thousands	2019	2018
Basic average common shares outstanding	17,254	17,164
Effect of dilutive options and restricted stock awards	64	175
Diluted average common shares outstanding	17,318	17,339

For each of the quarters ended March 31, 2019 and 2018, stock options for 519,342 shares and 137,709 shares of Common Stock were not considered in computing diluted earnings per common share because they were antidilutive.