Shareholders' Equity and Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2017

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 June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
	(In thousands, except per share amounts)
Net income	$	5,931	$	6,438	$	11,905	$	10,538
Weighted average shares outstanding (1)		21,331		21,281		21,320		21,516
Effect of stock options		143		148		147		150
Stock units for deferred compensation plan for non-employee directors		119		114		119		114
Performance share units		54		41		57		37
Restricted stock units		-		55		-		70
Weighted average shares outstanding for calculation of diluted earnings per share		21,647		21,639		21,643		21,887
Net income per common share
Basic (1)	$	0.28	$	0.30	$	0.56	$	0.49
Diluted	$	0.27	$	0.30	$	0.55	$	0.48

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