SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of useful lives of property and equipment

Land improvements	15	-	40	years
Buildings	30	-	40	years
Building improvements	5	-	40	years
Furniture	5	-	10	years
Equipment	3	-	20	years

Schedule of reconciliation of number of shares (denominator) used in basic and diluted earnings per share computations

The following is a reconciliation of the number of shares (denominator) used in the basic and diluted earnings per share computations (in thousands, except per share data):

	Years ended December 31,
	2019			2018			2017
		Per Share			Per Share			Per Share
	Shares	Amount		Shares	Amount		Shares	Amount
Basic	18,025	$	1.77	17,846	$	1.91	17,585	$	1.45
Effect of dilutive stock options	659		(0.07)	728		(0.08)	782		(0.06)
Diluted	18,684	$	1.70	18,574	$	1.83	18,367	$	1.39

Schedule of antidilutive options

	Years ended December 31,
	2019					2018					2017
Options to purchase shares of common stock		843,980					697,968					203,667
Exercise prices	$	44.55	-	$	59.07	$	39.82	-	$	47.81	$	45.32	-	$	46.73
Expiration dates (month/year)		11/27-12/29					11/27-12/28				11/27-12/27