Annual report pursuant to Section 13 and 15(d)

NET INCOME PER COMMON SHARE

v3.3.1.900
NET INCOME PER COMMON SHARE
12 Months Ended
Dec. 31, 2015
NET INCOME PER COMMON SHARE [Abstract]  
NET INCOME PER COMMON SHARE
NOTE 19 - NET INCOME PER COMMON SHARE

   
Year ended December 31,
 
   
2015
   
2014
   
2013
 
   
(thousands of dollars)
 
                   
Net income
 
$
18,598
   
$
15,571
   
$
19,498
 
                         
Basic earnings per common share:
                       
    Weighted average shares outstanding
   
24,370
     
24,188
     
24,115
 
                         
    Per share amount (dollars)
 
$
0.76
   
$
0.64
   
$
0.81
 
Diluted earnings per common share:
                       
    Weighted average shares outstanding
   
25,181
     
24,896
     
24,745
 
                         
    Per share amount (dollars)
 
$
0.74
   
$
0.63
   
$
0.79
 

Weighted average shares-denominator
  basic computation
24,370
24,188
24,115
Unvested restricted stock grant
141
-
-
Effect of dilutive stock options
     670
     708
     630
Weighted average shares, as adjusted
  denominator diluted computation
25,181
24,896
24,745

At December 31, 2015, 2014, and 2013, 1,376,437, 1,598,191 and 1,326,360 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, 2015, 2014, and 2013, include 300,000 shares of the Company that are held in the treasury of TOCCO.