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Note 4 - Earnings Per Share | 9 Months Ended
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Sep. 30, 2019
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 information):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator for basic and diluted earnings per share – Net income available to common shareholders |  | $ | 39,104 |  |  | $ | 41,665 |  |  | $ | 117,829 |  |  | $ | 92,093 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic earnings per share – weighted average shares outstanding |  |  | 36,545 |  |  |  | 39,309 |  |  |  | 36,744 |  |  |  | 39,480 |
Effect of dilutive securities – Employee and director stock options and restricted share awards |  |  | 806 |  |  |  | 1,079 |  |  |  | 881 |  |  |  | 1,155 |
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions |  |  | 37,351 |  |  |  | 40,388 |  |  |  | 37,625 |  |  |  | 40,635 |
Basic earnings per common share |  | $ | 1.07 |  |  | $ | 1.06 |  |  | $ | 3.21 |  |  | $ | 2.33 |
Diluted earnings per common share and common share equivalents |  | $ | 1.05 |  |  | $ | 1.03 |  |  | $ | 3.13 |  |  | $ | 2.27 |
Options to purchase shares of common stock that were outstanding for the three months and nine months ended September 30, 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):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Weighted average anti-dilutive options |  |  | 1,377 |  |  |  | 455 |  |  |  | 1,249 |  |  |  | 432 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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