EARNINGS PER SHARE

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2020 and 2019 is as follows:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
(shares in thousands)	2020	2019	2020	2019
Basic - weighted average shares outstanding	7,312	7,388	7,332	7,388
Dilutive restricted share units	-	2	-	3
Dilutive stock options	22	41	28	45
Diluted - weighted average shares outstanding	7,334	7,431	7,360	7,436
Anti-dilutive securities	188	81	187	75