Note 4 - Earnings Per Share

3 Months Ended

Mar. 31, 2019

– 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 March 31,
	2019		2018
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	37,104	$	21,039
Denominator:
Denominator for basic earnings per share – weighted average shares outstanding		36,817		39,665
Effect of dilutive securities– Employee and director stock options and restricted share awards		1,017		1,427
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		37,834		41,092
Basic earnings per common share	$	1.01	$	.53
Diluted earnings per common share and common share equivalents	$	0.98	$	0.51

Options to purchase shares of common stock that were outstanding for the

three

months ended

March 31, 2019

and

2018

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):

		March 31, 2019				March 31, 2018
Anti-dilutive options			974				87