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Note 4 - Earnings Per Share
6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
4
– Earnings Per Share
 
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):
 
 
 
   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2018
   
2017
   
2018
   
2017
 
Numerator:
                               
Numerator for basic and diluted earnings per share – Net income available to common shareholders
  $
29,389
    $
21,999
    $
50,428
    $
36,478
 
Denominator–
                               
Denominator for basic earnings per share – weighted average shares outstanding
   
39,399
     
39,641
     
39,567
     
39,493
 
Effect of dilutive securities– Employee stock options and restricted stock awards
   
1,291
     
1,198
     
1,400
     
1,244
 
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions
   
40,690
     
40,839
     
40,967
     
40,737
 
Basic earnings per common share
  $
.75
    $
.55
    $
1.27
    $
.92
 
Diluted earnings per common share and common share equivalents
  $
.72
    $
.54
    $
1.23
    $
.90
 
 
Options to purchase shares of common stock that were outstanding for the
three
months and
six
months ended
June 30, 2018,
and
2017,
that were
not
included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows (in thousands):
 
   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2018
   
2017
   
2018
   
2017
 
Weighted average anti-dilutive options
   
753
     
662
     
420
     
695