Shareholders' Equity and Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2016

Shareholders' Equity and Earnings Per Common Share [Abstract]

Reconciliation of basic and diluted net income per share

A reconciliation of basic and diluted net income per common share follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(In thousands, except per share amounts)
Net income	$	6,373	$	5,047	$	16,911	$	14,447
Weighted average shares outstanding (1)		21,232		22,673		21,421		22,852
Effect of stock options		149		118		150		120
Stock units for deferred compensation plan for non-employee directors		116		112		115		111
Restricted stock units		-		230		46		283
Performance share units		52		-		42		-
Weighted average shares outstanding for calculation of diluted earnings per share		21,549		23,133		21,774		23,366
Net income per common share
Basic (1)	$	0.30	$	0.22	$	0.79	$	0.63
Diluted	$	0.30	$	0.22	$	0.78	$	0.62

(1) Basic net income per common share includes weighted average common shares outstanding during the period and participating share awards.