EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2017

Diluted earnings per common share is computed using the weighted-average number of common shares determined for the basic earnings per common share computation plus the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock using the treasury stock method. Outstanding stock options issued by the Company represent the only dilutive effect reflected in diluted weighted average shares. Restricted shares are considered outstanding at the date of grant, accounted for as participating securities and included in basic and diluted weighted average common shares outstanding.



	Three Months Ended September 30,								Nine Months Ended September 30,
	2017				2016				2017				2016
	Amount		Per Share Amount		Amount		Per Share Amount		Amount		Per Share Amount		Amount		Per Share Amount
	(Amounts in thousands, except per share data)
Net income attributable to common shareholders	$	2,986			$	5,471			$	14,428			$	17,080
Basic:
Weighted average common shares outstanding	13,165		$	0.23	12,882		$	0.42	13,104		$	1.10	12,860		$	1.33
Diluted:
Add incremental shares for:
Dilutive effect of stock option exercises	319				226				341				178
Total	13,483		$	0.22	13,108		$	0.42	13,445		$	1.07	13,038		$	1.31

Stock options for 33 thousand shares were not considered in computing diluted earnings per common share as of September 30, 2017 because they were antidilutive. There were no antidilutive shares as of September 30, 2016.