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NOTE 5 - EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2020
Notes to Financial Statements |
EARNINGS PER SHARE | NOTE 5 - EARNINGS PER SHARE The following information was used in the computation of EPS on a basic and diluted basis: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Three months ended | ​ | Six months ended | ​
​ | ​ | ​ | June 30, | ​ | June 30, | ​
​ | ​ | ​ | 2020 |  | ​ | 2019 |  | ​ | 2020 |  | ​ | 2019 | ​
​ | ​ | (dollars in thousands, except share data) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 13,739 | ​ | $ | 13,504 | ​ | $ | 24,967 | ​ | $ | 26,422 | ​
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​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic EPS | ​ | $ | 0.87 | ​ | $ | 0.86 | ​ | $ | 1.58 | ​ | $ | 1.68 | ​
Diluted EPS | ​ | $ | 0.86 | ​ | $ | 0.85 | ​ | $ | 1.56 | ​ | $ | 1.66 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding | ​ |  | 15,747,056 | ​ |  | 15,714,588 | ​ |  | 15,771,926 | ​ |  | 15,703,967 | ​
Weighted average common shares issuable upon exercise of stock options | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
and under the employee stock purchase plan | ​ |  | 148,280 | ​ |  | 223,789 | ​ |  | 185,032 | ​ |  | 226,692 | ​
Weighted average common and common equivalent shares outstanding | ​ |  | 15,895,336 | ​ |  | 15,938,377 | ​ |  | 15,956,958 | ​ |  | 15,930,659 | ​
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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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