BASIC EARNINGS PER SHARE

Net income

$

8,028

$

6,262

Weighted average shares outstanding during the period, net of treasury shares

27,738

26,730

Weighted average vested restricted stock units outstanding

82

46

Weighted average shares outstanding in the Deferred Compensation Plan during the period

937

865

Weighted average shares outstanding

28,757

27,641

Basic earnings per common share

$

0.28

$

0.23

DILUTED EARNINGS PER SHARE

Net income

$

8,028

$

6,262

Weighted average shares outstanding:

Basic

28,757

27,641

Effect of dilutive securities (a):

Impact of common shares to be issued under stock option plans, and contingently issuable shares, if any

1,198

1,023

Weighted average shares outstanding

29,955

28,664

Diluted earnings per common share

$

0.27

$

0.22

Anti-dilutive securities (b)

-

213