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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2019
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 
 March 31,
 
 
2019
 
2018
Net income
 
$
14,273

 
$
12,820

Dividends and undistributed earnings allocated to participating securities(1)
 
(28
)
 
(40
)
Net income available to common shareholders
 
$
14,245

 
$
12,780

Weighted-average common shares outstanding for basic EPS
 
15,592,141

 
15,541,975

Dilutive effect of stock-based awards(2)
 
41,985

 
61,405

Weighted-average common and potential common shares for diluted EPS
 
15,634,126

 
15,603,380

Earnings per common share:
 
 

 
 

Basic EPS
 
$
0.91

 
$
0.82

Diluted EPS
 
$
0.91

 
$
0.82

Awards excluded from the calculation of diluted EPS(3):
 
 
 
 
Stock options
 
1,000

 
—


(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 and vesting of restricted shares and restricted stock units utilizing the treasury stock method. Not included are the unvested LTIP awards, which are the Company's performance-based awards.