Annual report pursuant to Section 13 and 15(d)

NET INCOME PER COMMON SHARE (Tables)

v3.3.1.900
NET INCOME PER COMMON SHARE (Tables)
 12 Months Ended
Dec. 31, 2015
NET INCOME PER COMMON SHARE [Abstract]  
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