v3.8.0.1

Earnings Per Share

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 9: EARNINGS PER SHARE

Basic earnings per share excludes dilution and is computed by dividing net income or loss available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if contracts to issue common stock were exercised or converted into common stock that would then share in earnings. The following table sets forth the Company’s unaudited earnings per share calculations for the quarters ended March 31:

	2018								2017
(dollars in thousands, except per share amounts)	Basic				Diluted				Basic				Diluted
Net income	$	8,976			$	8,976			$	6,113			$	6,113
Basic common shares outstanding		38,577,271				38,577,271				32,805,010				32,805,010
Effect of contingent shares issuable						1,592								1,592
Effect of options and restricted stock						545,869								1,154,618
Diluted common shares outstanding						39,124,732								33,961,220
Earnings per share	$	0.23			$	0.23			$	0.19			$	0.18

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- References

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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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