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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Analysis of Basic and Diluted Earnings Per Share
The following is an analysis of basic and diluted EPS, reflecting the application of the two-class method, as described below:
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
 
2017
 
2016
 
2017
 
2016
Net income
 
$
11,339

 
$
10,903

 
$
31,649

 
$
29,165

Dividends and undistributed earnings allocated to participating securities(1)
 
(46
)
 
(54
)
 
(134
)
 
(134
)
Net income available to common shareholders
 
$
11,293

 
$
10,849

 
$
31,515

 
$
29,031

Weighted-average common shares outstanding for basic EPS
 
15,515,189

 
15,425,452

 
15,505,698

 
15,410,310

Dilutive effect of stock-based awards(2)
 
73,819

 
82,109

 
74,374

 
73,010

Weighted-average common and potential common shares for diluted EPS
 
15,589,008

 
15,507,561

 
15,580,072

 
15,483,320

Earnings per common share(1):
 
 

 
 

 
 
 
 
Basic EPS
 
$
0.72

 
$
0.70

 
$
2.03

 
$
1.88

Diluted EPS
 
$
0.72

 
$
0.70

 
$
2.02

 
$
1.88

Awards excluded from the calculation of diluted EPS(3):
 
 
 
 
 
 
 
 
Stock options
 
—

 
—

 
—

 
18,375


(1) Represents dividends paid and undistributed earnings allocated to nonvested stock-based awards that contain non-forfeitable rights to dividends.
(2) Represents the effect of the assumed exercise of stock options, vesting of restricted shares and vesting of restricted stock units utilizing the treasury stock method. Not included are the unvested LTIP awards as they have not met the performance criteria for the periods presented.
(3) Represents stock-based awards not included in the computation of potential common shares for purposes of calculating diluted EPS as the exercise prices were greater than the average market price of the Company's common stock and are considered anti-dilutive.