Annual report pursuant to Section 13 and 15(d)

NET INCOME PER COMMON SHARE (Tables)

v3.6.0.2
NET INCOME PER COMMON SHARE (Tables)
 12 Months Ended
Dec. 31, 2016
NET INCOME PER COMMON SHARE [Abstract]  
Net Income Per Common Share
   
Year ended December 31,
  
   
2016
    
2015
    
2014
  
   
(thousands of dollars)
  
                   
Net income
  
$
19,428
    
$
18,598
    
$
15,571
  
                         
Basic earnings per common share:
                        
    Weighted average shares outstanding
    
24,284
      
24,370
      
24,188
  
                         
    Per share amount (dollars)
  
$
0.80
    
$
0.76
    
$
0.64
  
Diluted earnings per common share:
                        
    Weighted average shares outstanding
    
24,982
      
25,181
      
24,896
  
                         
    Per share amount (dollars)
  
$
0.78
    
$
0.74
    
$
0.63
  

Weighted average shares-denominator basic computation
    
24,284
      
24,370
      
24,188
  
Unvested restricted stock grant
    
310
      
141
      
-
  
Effect of dilutive stock options
    
388
      
670
      
708
  
Weighted average shares, as adjusted denominator diluted computation
    
24,982
      
25,181
      
24,896