Annual report pursuant to Section 13 and 15(d)

NET INCOME PER COMMON SHARE

v3.8.0.1
NET INCOME PER COMMON SHARE
12 Months Ended
Dec. 31, 2017
NET INCOME PER COMMON SHARE [Abstract]  
NET INCOME PER COMMON SHARE
NOTE 19 - NET INCOME PER COMMON SHARE

   
Year ended December 31,
 
   
2017
   
2016
   
2015
 
   
(thousands of dollars)
 
                   
Net income
 
$
18,009
   
$
19,428
   
$
18,598
 
                         
Basic earnings per common share:
                       
    Weighted average shares outstanding
   
24,294
     
24,284
     
24,370
 
                         
    Per share amount (dollars)
 
$
0.74
   
$
0.80
   
$
0.76
 
Diluted earnings per common share:
                       
    Weighted average shares outstanding
   
25,129
     
24,982
     
25,181
 
                         
    Per share amount (dollars)
 
$
0.72
   
$
0.78
   
$
0.74
 

Weighted average shares-denominator
  basic computation
   
24,294
     
24,284
     
24,370
 
Unvested restricted stock unit grant
   
367
     
310
     
141
 
Effect of dilutive stock options
   
468
     
388
     
670
 
Weighted average shares, as adjusted
  denominator diluted computation
   
25,129
     
24,982
     
25,181
 

At December 31, 2017, 2016, and 2015, 1,323,587, 1,348,437 and 1,376,437 potential common stock shares, respectively, were issuable upon the exercise of options and warrants.