XML 41 R31.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Weighted Average Number of Shares
The weighted average number of shares outstanding used as the denominator for diluted EPS is increased over the denominator used for basic EPS by the effect of potentially dilutive common stock options utilizing the treasury stock method.
 
For the Three Months Ended September 30,
 
2017
 
2016
(In thousands, except for share and per share data)
 
 
 
Basic earnings per share:
 
 
 
Net income
$
7,002

 
$
4,425

Weighted average shares outstanding
20,409,696

 
10,595,599

Basic earnings per share
$
0.34

 
$
0.42

Diluted earnings per share:
 

 
 

Net income
$
7,002

 
$
4,425

Weighted average shares outstanding
20,409,696

 
10,595,599

Dilutive effect of stock options
99,179

 
93,568

Weighted average diluted shares outstanding
20,508,875

 
10,689,167

Diluted earnings per share
$
0.34

 
$
0.41


 
For the Nine Months Ended September 30,
 
2017
 
2016
(In thousands, except for share and per share data)
 
 
 
Basic earnings per share:
 
 
 
Net income
$
13,455

 
$
13,398

Weighted average shares outstanding
17,156,521

 
10,575,088

Basic earnings per share
$
0.77

 
$
1.27

Diluted earnings per share:
 
 
 
Net income
$
13,455

 
$
13,398

Weighted average shares outstanding
17,156,521

 
10,575,088

Dilutive effect of stock options
116,846

 
69,809

Weighted average diluted shares outstanding
17,273,367

 
10,644,897

Diluted earnings per share
$
0.77

 
$
1.26