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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Shares of Consolidated Condensed Statements of Income

The following summarizes the Common Stock included in the basic and diluted shares, as disclosed on the face of the consolidated condensed statements of income:

 

 

Three Months
Ended June 30,

 

 

Six Months
Ended June 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Weighted average number of shares for calculation of basic EPS

 

36,776,545

 

 

 

36,442,296

 

 

 

36,698,618

 

 

 

36,399,635

 

Stock options under equity incentive plans

 

63,826

 

 

 

194,922

 

 

 

97,550

 

 

 

172,595

 

Weighted average number of shares for calculation of diluted EPS

 

36,840,371

 

 

 

36,637,218

 

 

 

36,796,168

 

 

 

36,572,230

 

 

Common Stock Issuable upon Exercise of Certain Stock Options

Note 3 – Earnings Per Share – Continued

The accompanying table represents Common Stock issuable upon the exercise of certain stock options that have been excluded from the diluted earnings calculation because the effect of their inclusion would be anti-dilutive.

 

 

Three Months
Ended June 30,

 

 

Six Months
Ended June 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Stock options outstanding for equity incentive plans

 

1,857,284

 

 

 

1,437,534

 

 

 

1,857,284

 

 

 

1,437,534