Earnings Per Common Share

6 Months Ended

Jun. 30, 2015

10.

Earnings Per Common Share

Earnings per common share for all periods have been calculated in conformity with ASC 260, “Earnings Per Share.” This data is based on historical net income and the weighted average number of shares of our common stock outstanding during each period as set forth in the following table:


	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
	(In thousands)
Shares:
Weighted average number of shares of common stock outstanding		23,621		23,459		23,591		23,453
Shares assumed issued (less shares assumed purchased for treasury) for stock-based compensation		465		326		362		362

Outstanding shares for diluted earnings per share calculation		24,086		23,785		23,953		23,815

A total of approximately 1.3 million shares in the three and six months ended June 30, 2015 and 1.2 million shares in the three and six months ended June 30, 2014 were excluded from the calculation of our diluted earnings per common share, because the effect was anti-dilutive.