NET INCOME PER COMMON SHARE |
NOTE 19 - NET INCOME PER COMMON SHARE
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Year ended December 31, |
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2016 |
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2015 |
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2014 |
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(thousands of dollars) |
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Net income |
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$ |
19,428 |
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$ |
18,598 |
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$ |
15,571 |
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Basic earnings per common share: |
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Weighted average shares outstanding |
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24,284 |
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24,370 |
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24,188 |
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Per share amount (dollars) |
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$ |
0.80 |
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$ |
0.76 |
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$ |
0.64 |
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Diluted earnings per common share: |
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Weighted average shares outstanding |
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24,982 |
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25,181 |
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24,896 |
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Per share amount (dollars) |
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$ |
0.78 |
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$ |
0.74 |
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$ |
0.63 |
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Weighted average shares-denominator basic computation |
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24,284 |
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24,370 |
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24,188 |
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Unvested restricted stock grant |
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310 |
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141 |
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- |
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Effect of dilutive stock options |
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388 |
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670 |
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708 |
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Weighted average shares, as adjusted denominator diluted computation |
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24,982 |
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25,181 |
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24,896 |
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At December 31, 2016, 2015, and 2014, 1,348,437, 1,376,437 and 1,598,191 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, 2016, 2015, and 2014, include 284,011, 300,000 and 300,000 shares held in the treasury.
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