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Earnings Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

11.       Earnings Per Share

Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings per share calculations for the periods indicated:

Year ended December 31,		2017				2016				2015
Numerator:
Net income		$	52,142			$	87,472			$	62,126
Denominator:
Weighted average number of common shares outstanding – Basic			17,725,494				18,931,415				18,696,659
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans			213,596				118,100				668,420
Weighted average number of common shares outstanding – Diluted			17,939,090				19,049,515				19,365,079

The dilutive effect of outstanding options and restricted stock units is calculated using the treasury stock method. There are no anti-dilutive stock options in 2017, 2016, and 2015 because the closing price of the Company’s stock on December 31, 2017, 2016, and 2015 exceeded the strike price of all outstanding options on each of those dates.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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