EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2019

EARNINGS PER SHARE [Abstract}

EARNINGS PER SHARE

11.    EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive.

A reconciliation of the shares used in the basic and diluted income per common share computation for the three and six months ended June 30, 2019 and 2018 is as follows:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
(shares in thousands)	2019	2018	2019	2018
Basic - weighted average shares outstanding	7,388	7,410	7,388	7,408
Dilutive restricted share units	2	1	3	1
Dilutive stock options	41	53	45	36
Diluted - weighted average shares outstanding	7,431	7,464	7,436	7,445
Anti-dilutive securities	81	-	75	42