Earnings Per Share

3 Months Ended

Mar. 31, 2016

For the quarters ended March 31, 2016 and 2015, basic earnings per share were computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Unexercised stock options and unvested restricted shares are excluded from this calculation but are included in the diluted earnings per share calculation using the treasury stock method as long as their effect is not antidilutive.

The following table provides a reconciliation of weighted-average shares used to determine basic and diluted earnings per share.



	Quarter Ended March 31,
In thousands	2016	2015
Basic average common shares outstanding	16,825	16,837
Effect of dilutive options and restricted stock awards	211	272
Diluted average common shares outstanding	17,036	17,109

For the quarters ended March 31, 2016 and 2015, stock options for 0.2 million and 0.1 million shares of Common Stock, respectively, were not considered in computing diluted earnings per common share because they were antidilutive.