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Earnings Per Share

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

12.       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,		2018				2017				2016
Numerator:
Net income		$	50,933			$	52,142			$	87,472
Denominator:
Weighted average number of common shares outstanding – Basic			17,450,658				17,725,494				18,931,415
Dilutive effect of options and restricted stock units outstanding under the Company’s employee compensation plans			203,973				213,596				118,100
Weighted average number of common shares outstanding – Diluted			17,654,631				17,939,090				19,049,515

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 2018, 2017, and 2016 because the closing price of the Company’s stock on December 31, 2018, 2017, and 2016 exceeded the strike price of all outstanding options on each of those dates.

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- References

No definition available.

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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

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