XML 33 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share
6 Months Ended
Jun. 30, 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 
 June 30,
 
Six Months Ended 
 June 30,
(In thousands, except per share)
2016
 
2015
 
2016
 
2015
Net Income
$
10,562

 
$
9,710

 
$
19,221

 
$
17,069

Average Common Shares:
 
 
 
 
 
 
 
Basic (weighted-average outstanding shares)
11,422

 
11,352

 
11,405

 
11,316

Dilutive potential common shares from stock options
128

 
146

 
124

 
151

Diluted (weighted-average outstanding shares)
11,550

 
11,498

 
11,529

 
11,467

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.93

 
$
0.86

 
$
1.69

 
$
1.51

Diluted earnings per share
$
0.92

 
$
0.84

 
$
1.67

 
$
1.49



Stock options totaling 42,981 shares for the six months ended June 30, 2016 were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive.