WEIGHTED AVERAGE SHARES OUTSTANDING

9 Months Ended

Sep. 30, 2015

NOTE 12 – WEIGHTED AVERAGE SHARES OUTSTANDING

Earnings per share have been computed based on the following weighted average number of common shares outstanding:

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2015	2014	2015	2014
	(Share Data in Thousands)		(Share Data in Thousands)
Basic shares outstanding	32,195	26,773	31,614	25,705
Plus: Dilutive effect of ISOs	126	111	118	116
Plus: Dilutive effect of Restricted grants	232	277	230	278
Diluted shares outstanding	32,553	27,161	31,962	26,099

For the three-and nine-month periods ended September 30, 2015, there were no potential common shares with strike prices that would cause them to be anti-dilutive. For the three-and nine-month periods ended September 30, 2014, the Company has excluded 112,000 and 110,000, respectively, potential common shares with strike prices that would cause them to be anti-dilutive.