XML 21 R9.htm IDEA: XBRL DOCUMENT

Note 4 - Earnings Per Share

6 Months Ended

Jun. 30, 2019

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,
	2019		2018		2019		2018
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	41,621	$	29,389	$	78,725	$	50,428
Denominator–
Denominator for basic earnings per share – weighted average shares outstanding		36,852		39,399		36,847		39,567
Effect of dilutive securities– Employee stock options and restricted stock awards		843		1,291		917		1,400
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		37,695		40,690		37,764		40,967
Basic earnings per common share	$	1.13	$	.75	$	2.14	$	1.27
Diluted earnings per common share and common share equivalents	$	1.10	$	.72	$	2.08	$	1.23

Options to purchase shares of common stock that were outstanding for the three months and six months ended June 30, 2019, and 2018, which 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,

2019

2018

2019

2018

Weighted average anti-dilutive options

1,397

753

1,186

420