Weighted-Average Number of Shares Used in Computing Earnings Per Share

9 Months Ended

Sep. 30, 2016

Weighted-Average Number of Shares Used in Computing Earnings Per Share

The following table sets forth the weighted-average number of shares used in the computation of earnings per share:



	Three Months Ended September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
	(In whole shares)
Weighted average basic shares outstanding	12,149,384	12,288,392	12,113,058	12,228,721
Plus: Dilutive impact of employee stock awards	127,564	109,976	141,161	186,352
Weighted average diluted shares outstanding	12,276,948	12,398,368	12,254,219	12,415,073

Outstanding stock options with exercise prices greater than the average price of the common shares are anti-dilutive and are excluded in the computation of diluted earnings per share. There were no anti-dilutive shares for the three- and nine-months ended September 30, 2016 and 2015.