Earnings Per Share

6 Months Ended

Jun. 30, 2016

For the quarters and six months ended June 30, 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 June 30,		Six Months Ended June 30,
In thousands	2016	2015	2016	2015
Basic average common shares outstanding	16,864	16,681	16,844	16,759
Effect of dilutive options and restricted stock awards	210	267	192	296
Diluted average common shares outstanding	17,074	16,948	17,036	17,055

For each of the quarters ended June 30, 2016 and 2015, stock options for 0.1 million shares of Common Stock were not considered in computing diluted earnings per common share because they were antidilutive.

For the six months ended June 30, 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.