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Note 5: Earnings Per Share
 3 Months Ended
Jun. 30, 2013
Notes  
Note 5: Earnings Per Share

NOTE 5: EARNINGS PER SHARE

 

 

 

 

Three Months Ended June 30,

 

2013

 

2012

(In Thousands, Except Per Share Data)

 

 

 

Basic:

 

 

 

Average shares outstanding

13,619

 

13,501

Net income available to common shareholders

$8,079

 

$21,512

Per share amount

$0.59

 

$1.59

Income from continuing operations available to common shareholders

$8,079

 

$21,385

Per share amount

$0.59

 

$1.58

Income from discontinued operations available to common shareholders

$--

 

$127

Per share amount

$--

 

$0.01

 

 

 

 

Diluted:

 

 

 

Average shares outstanding

13,619

 

13,501

Net effect of dilutive stock options and warrants – based on the treasury

 

 

 

stock method using average market price

62

 

98

Diluted shares

13,681

 

13,599

Net income available to common shareholders

$8,079

 

$21,512

Per share amount

$0.59

 

$1.58

Income from continuing operations available to common shareholders

$8,079

 

$21,385

Per share amount

$0.59

 

$1.57

Income from discontinued operations available to common shareholders

$--

 

$127

Per share amount

$--

 

$0.01

 

 

 

 

 

 

Six Months Ended June 30,

 

2013

 

2012

(In Thousands, Except Per Share Data)

 

 

 

Basic:

 

 

 

Average shares outstanding

13,618

 

13,501

Net income available to common shareholders

$16,328

 

$28,863

Per share amount

$1.20

 

$2.14

Income from continuing operations available to common shareholders

$16,328

 

$28,376

Per share amount

$1.20

 

$2.10

Income from discontinued operations available to common shareholders

$--

 

$487

Per share amount

$--

 

$0.04

 

 

 

 

Diluted:

 

 

 

Average shares outstanding

13,618

 

13,501

Net effect of dilutive stock options and warrants – based on the treasury

 

 

 

stock method using average market price

62

 

98

Diluted shares

13,680

 

13,599

Net income available to common shareholders

$16,328

 

$28,863

Per share amount

$1.19

 

$2.12

Income from continuing operations available to common shareholders

$16,328

 

$28,376

Per share amount

$1.19

 

$2.09

Income from discontinued operations available to common shareholders

$--

 

$487

Per share amount

$--

 

$0.03

 

 

 

Options to purchase 341,950 and 289,922 shares of common stock were outstanding at June 30, 2013 and 2012, respectively, but were not included in the computation of diluted earnings per share for each of the three month and six month periods because the options’ exercise prices were greater than the average market prices of the common shares for the three and six months ended June 30, 2013 and 2012, respectively.