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Earnings Per Share
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

Earnings Per Share:

The computation of basic and diluted earnings per share is shown in the following table:

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (In thousands)

$

9,154

 

 

$

8,084

 

 

$

26,085

 

 

$

23,883

 

Weighted average shares outstanding

 

27,688,234

 

 

 

27,695,105

 

 

 

27,757,119

 

 

 

27,638,721

 

Basic earnings per share

$

0.33

 

 

$

0.29

 

 

$

0.94

 

 

$

0.86

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (In thousands)

$

9,154

 

 

$

8,084

 

 

$

26,085

 

 

$

23,883

 

Weighted average shares outstanding for basic earnings per share

 

27,688,234

 

 

 

27,695,105

 

 

 

27,757,119

 

 

 

27,638,721

 

Dilutive effect of restricted stock awards

 

131,018

 

 

 

306,863

 

 

 

140,496

 

 

 

305,410

 

Weighted average shares for diluted earnings per share

 

27,819,252

 

 

 

28,001,968

 

 

 

27,897,615

 

 

 

27,944,131

 

Diluted earnings per share

$

0.33

 

 

$

0.29

 

 

$

0.94

 

 

$

0.85

 

 

There were no restricted stock awards that were considered anti-dilutive for the three and nine month periods ended September 30, 2019 and 2018.