NET INCOME PER COMMON SHARE

12 Months Ended

Dec. 31, 2014

NET INCOME PER COMMON SHARE [Abstract]

NET INCOME PER COMMON SHARE

NOTE 19 - NET INCOME PER COMMON SHARE

	Year ended December 31,
	2014		2013		2012
	(thousands of dollars)
Net income	$	15,571	$	19,498	$	10,321
Basic earnings per common share:
Weighted average shares outstanding		24,188		24,115		24,081
Per share amount (dollars)	$	0.64	$	0.81	$	0.43
Diluted earnings per common share:
Weighted average shares outstanding		24,896		24,745		24,745
Per share amount (dollars)	$	0.63	$	0.79	$	0.42

Weighted average shares-denominator basic computation	24,188	24,115	24,081
Effect of dilutive stock options	708	630	664
Weighted average shares, as adjusted denominator diluted computation	24,896	24,745	24,745

At December 31, 2014, 2013, and 2012, 1,598,191, 1,326,360 and 1,173,180 potential common stock shares, respectively, were issuable upon the exercise of options and warrants.

The earnings per share calculations for the periods ended December 31, 2014, 2013, and 2012, include 300,000 shares of the Company that are held in the treasury of Tocco.