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Note 3 - Earnings Per Share

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

3 – 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,
		2023				2022
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders		$	90,455			$	92,453
Denominator:
Denominator for basic earnings per share – weighted average shares outstanding			54,767				55,938
Effect of dilutive securities– Employee stock options and restricted share awards			1,797				1,974
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions			56,564				57,912
Basic earnings per common share		$	1.65			$	1.65
Diluted earnings per common share and common share equivalents		$	1.60			$	1.60

Options to purchase shares of common stock that were outstanding for the three months ended March 31, 2023 and 2022 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, 2023				March 31, 2022
Anti-dilutive options – weighted average			853				502

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//260/tableOfContent

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-Topic 260
-SubTopic 10
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-Section 50
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-URI https://asc.fasb.org//1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

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