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Income Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2017
Income Per Common Share [Abstract]  
Computation Of Basic And Diluted Income Per Common Share



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Six Months Ended



June 30,

 

June 30,

Basic income per common share

2017

 

2016

 

2017

 

2016

Net income

$

 3,163 

 

$

 2,347 

 

$

 5,386 

 

$

 4,888 

Net income allocated to participating securities

 

 (62)

 

 

 (46)

 

 

 (106)

 

 

 (92)

Net income allocated to common shareholders

$

 3,101 

 

$

 2,301 

 

$

 5,280 

 

$

 4,796 



 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 32,664 

 

 

 32,010 

 

 

 32,552 

 

 

 31,519 

Basic income per common share

$

 0.09 

 

$

 0.07 

 

$

 0.16 

 

$

 0.15 



 

 

 

 

 

 

 

 

 

 

 



Three Months Ended

 

Six Months Ended



June 30,

 

June 30,

Diluted income per common share

2017

 

2016

 

2017

 

2016

Net income

$

 3,163 

 

$

 2,347 

 

$

 5,386 

 

$

 4,888 

Net income allocated to participating securities

 

 (60)

 

 

 (45)

 

 

 (103)

 

 

 (90)

Net income allocated to common shareholders

$

 3,103 

 

$

 2,302 

 

$

 5,283 

 

$

 4,798 



 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 32,664 

 

 

 32,010 

 

 

 32,552 

 

 

 31,519 

Effect of dilutive stock options and awardsa

 

 1,150 

 

 

 754 

 

 

 1,187 

 

 

 751 

Diluted weighted-average common shares outstanding

 

 33,814 

 

 

 32,764 

 

 

 33,739 

 

 

 32,270 

Diluted income per common share

$

 0.09 

 

$

 0.07 

 

$

 0.16 

 

$

 0.15 

___________________  

aWe excluded stock options from the calculation of diluted weighted-average common shares outstanding if the per share value, including the sum of (i) the exercise price of the options and (ii) the amount of the compensation cost attributed to future services and not yet recognized, was greater than the average market price of the shares because the inclusion of these stock options would be antidilutive to income per common share.  Accordingly, stock options to purchase a weighted-average 264,000 and 190,000 shares for the three and six months ended June 30, 2017, respectively, and 631,000 and 572,000 shares for the three and six months ended June 30, 2016, respectively, were excluded from the calculation of diluted weighted-average common shares outstanding.