EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

EARNINGS PER SHARE [Abstract}

EARNINGS PER SHARE

10.    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 months ended March 31, 2020 and 2019 is as follows:

	Three Months Ended
	March 31,
(shares in thousands)	2020	2019
Basic - weighted average shares outstanding	7,351	7,382
Dilutive restricted share units	-	3
Dilutive stock options	35	49
Diluted - weighted average shares outstanding	7,386	7,434
Anti-dilutive securities	151	75