Earnings Per Share

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

Earnings Per Share

8. Earnings Per Share

The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows:

(in thousands, except market price and earnings per share)	2016	2015	2014
Net income attributable to the Company	$52,733	$57,279	$41,569
Weighted average number of shares:
Weighted average number of shares used in
calculating basic net income per share	32,086	31,978	31,832
Effect of dilutive stock-based compensation plans:
Stock options	39	58	99
Long-term incentive plan	45	52	57
Weighted average number of shares used in
calculating diluted net income per share	32,170	32,088	31,988
Average market price of common stock used
for calculation of dilutive shares	$40.25	$36.68	$36.29
Net income per share:
Basic	$1.64	$1.79	$1.31
Diluted	$1.64	$1.79	$1.30

Shares outstanding, net of treasury shares, were 32.1 million as of December 31, 2016, 32.0 million as of December 31, 2015, and 31.9 million as of December 31, 2014.