EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2019

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