Weighted Average Shares Outstanding

6 Months Ended

Jun. 30, 2015

NOTE 11 – 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 June 30,				For the Six Months Ended June 30,
	2015		2014		2015		2014
	(Share Data in Thousands)				(Share Data in Thousands)
Basic shares outstanding		32,184		25,181		31,318		25,163
Plus: Dilutive effect of ISOs		116		120		115		118
Plus: Dilutive effect of Restricted grants		220		271		220		271

Diluted shares outstanding		32,520		25,572		31,653		25,552

For the three-month periods ended June 30, 2015 and 2014, the Company has excluded 5,000 and 119,000, respectively, potential common shares with strike prices that would cause them to be anti-dilutive. For the six-month periods ended June 30, 2015 and 2014, the Company has excluded 5,000 and 120,000, respectively, potential common shares with strike prices that would cause them to be anti-dilutive.