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Earnings Per Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Earnings per share for the three and nine months ended September 30, 2014 and 2013 were as follows:
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
(In thousands, except per share data)
2014
 
2013
 
2014
 
2013
Net income
$
5,177

 
$
2,109

 
$
10,028

 
$
7,077

Weighted average shares outstanding (basic)
8,111

 
8,091

 
8,109

 
8,089

Impact of common stock equivalents
11

 
0

 
4

 
0

Weighted average shares outstanding (diluted)
8,122

 
8,091

 
8,113

 
8,089

Per share information:
 
 
 
 
 
 
 
Basic earnings per share
$
0.64

 
$
0.26

 
$
1.24

 
$
0.87

Diluted earnings per share
0.64

 
0.26

 
1.24

 
0.87


Stock options amounting to 159,000 and 242,000 shares of common stock were not considered in computing diluted earnings per share for the three months ended September 30, 2014 and 2013 as their exercise would have been antidilutive as the exercise price exceeded the average market value. Stock options amounting to 187,000 and 243,000 shares of common stock were not considered in computing diluted earnings per share for the nine months ended September 30, 2014 and 2013 as their exercise would have been antidilutive as the exercise price exceeded the average market value.