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Note 1: Nature of Operations and Summary of Significant Accounting Policies: Earnings Per Share (Policies)
 12 Months Ended
Dec. 31, 2014
Policies  
Earnings Per Share

Earnings Per Common Share

 

Basic earnings per common share are computed based on the weighted average number of common shares outstanding during each year.  Diluted earnings per common share are computed using the weighted average common shares and all potential dilutive common shares outstanding during the period.

 

 

Earnings per common share (EPS) were computed as follows:

 

 

 

2014

2013

2012

(In Thousands, Except Per Share Data)

 

 

 

Net income

$43,529

$33,729

$48,706

 

 

 

 

Net income available to common shareholders

$42,950

$33,150

$48,098

 

 

 

 

Net income from continuing operations

$43,529

$33,729

$44,087

 

 

 

 

Net income from continuing operations available to common shareholders

$42,950

$33,150

$43,479

 

 

 

 

Average common shares outstanding

13,700

13,635

13,534

 

 

 

 

Average common share stock options and warrants outstanding

176

80

58

 

 

 

 

Average diluted common shares

13,876

13,715

13,592

 

 

 

 

Earnings per common share – basic

$3.14

$2.43

$3.55

 

 

 

 

Earnings per common share – diluted

$3.10

$2.42

$3.54

 

 

 

 

Earnings from continuing operations per common share – basic

$3.14

$2.43

$3.21

 

 

 

 

Earnings from continuing operations per common share – diluted

$3.10

$2.42

$3.20

 

 

 

 

Earnings from discontinued operations per common share, net of tax – basic

$--

$--

$0.34

 

 

 

 

Earnings from discontinued operations per common share, net of tax – diluted

$--

$--

$0.34

 

 

 

Options to purchase 500, 243,510 and 444,770 shares of common stock were outstanding at December 31, 2014, 2013 and 2012, respectively, but were not included in the computation of diluted earnings per share for that year because the options’ exercise price was greater than the average market price of the common shares for the years ended December 31, 2014, 2013 and 2012, respectively.