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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2019
Earnings per share [abstract] |
EARNINGS PER SHARE | NOTE 9 – EARNINGS PER SHARE The earnings and weighted average number of shares used in the calculation of basic and diluted earnings per share are as follows:
|  | For the year ended December 31,
|  | 2019 |  | 2018 |  | 2017
Net income for the year attributable to owners of the Company |  | 54,015 |  |  | 51,677 |  |  | 30,539 |
Weighted average number of shares (in thousands) for the purpose of basic earnings per share |  | 36,586 |  |  | 35,746 |  |  | 34,919 |
Weighted average number of shares (in thousands) for the purpose of diluted earnings per share |  | 37,674 |  |  | 36,685 |  |  | 36,094 |
BASIC EARNINGS PER SHARE |  |  | $1.48 |  |  |  | $1.45 |  |  |  | $0.87 |
DILUTED EARNINGS PER SHARE |  |  | $1.43 |  |  |  | $1.41 |  |  |  | $0.84 |
The following potential ordinary shares are anti-dilutive and are therefore excluded from the weight average number of ordinary shares for the purpose of diluted earnings per share:
|  | For the year ended December 31,
|  | 2019 |  | 2018 |  | 2017
Shares deemed to be issued in respect of employee options |  | 4,470 |  |  | 205,940 |  |  | 603,159 |

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