XML 34 R21.htm IDEA: XBRL DOCUMENT v3.4.0.3
Earnings Per Share
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
The following table sets forth the reconciliation from basic to diluted average common shares and the calculations of net income per common share.  Net income for basic and diluted calculations do not differ.
 
 
Three Months Ended 
 March 31,
(In thousands, except per share)
2016
 
2015
Net Income
$
8,659

 
$
7,359

Average Common Shares:
 
 
 
Basic (weighted-average outstanding shares)
11,389

 
11,280

Dilutive potential common shares from stock options
118

 
156

Diluted (weighted-average outstanding shares)
11,507

 
11,436

 
 
 
 
Basic earnings per share
$
0.76

 
$
0.65

Diluted earnings per share
$
0.75

 
$
0.64



Stock options totaling 85,962 shares for the three months ended March 31, 2016 were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.