XML 22 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

Basic earnings per share are computed using net income and the weighted average number of common shares outstanding for each period presented. Diluted earnings per share are computed in the same manner, except it uses the weighted average number of common shares outstanding plus the effects of the assumed exercise of stock options and the payment of estimated stock awards from other stock-based compensation plans that are outstanding at the end of each period presented. Antidilutive stock awards are excluded from the calculation of diluted earnings per common share. Diluted earnings per share are calculated as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
In thousands, except per share data
 
2017
 
2016
 
2017
 
2016
Net income
 
$
2,729

 
$
2,019

 
$
43,039

 
$
38,660

Average common shares outstanding - basic
 
28,648

 
27,510

 
28,641

 
27,479

Additional shares for stock-based compensation plans (See Note 5)
 
69

 
122

 
81

 
112

Average common shares outstanding - diluted
 
28,717

 
27,632

 
28,722

 
27,591

Earnings per share of common stock - basic
 
$
0.10

 
$
0.07

 
$
1.50

 
$
1.41

Earnings per share of common stock - diluted
 
$
0.10

 
$
0.07

 
$
1.50


$
1.40

Additional information:
 
 
 
 
 
 
 
 
Antidilutive shares
 
32

 
23

 
21

 
16