EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2017

Earnings Per Share

Earnings Per Share

Note 2–Earnings Per Share

Basic earnings per common share is computed using the weighted average number of shares outstanding.  Diluted earnings per share is computed using the weighted average number of shares outstanding adjusted for the incremental shares attributable to nonvested stock units and stock options outstanding, if dilutive.

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended				Six Months Ended
June 30,	2017		2016		2017		2016
Numerator:
Net income	$	13,585	$	12,458	$	21,017	$	21,521
Denominator:
Denominator for basic earnings per share		26,761		26,501		26,729		26,500
Dilutive effect of employee stock awards		132		190		150		181
Denominator for diluted earnings per share		26,893		26,691		26,879		26,681
Earnings per share:
Basic	$	0.51	$	0.47	$	0.79	$	0.81
Diluted	$	0.51	$	0.47	$	0.78	$	0.81

For the three and six months ended June 30, 2017 and 2016, the following outstanding nonvested stock units were excluded from the computation of diluted earnings per share because including them would have had an anti-dilutive effect:

	Three Months Ended				Six Months Ended
June 30,	2017		2016		2017		2016
Employee stock based awards	$	—	$	80	$	—	$	92