v3.8.0.1
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth certain components of the computation of basic and diluted earnings per share for the years ended December 31:
In Thousands
2017
 
2016
 
2015
Numerator:
 
 
 
 
 
Net income
$
67,017

 
$
33,839

 
$
47,605

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Denominator for basic earnings per share – weighted average shares
20,767

 
20,704

 
20,713

 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
Employee stock options
80

 
69

 
74

 
 
 
 
 
 
Denominator for diluted earnings per share – weighted average shares
20,847

 
20,773

 
20,787

Anti-dilutive Excluded from Diluted Earnings Per Share
Stock options to purchase common stock at exercise prices in excess of the average actual stock price for the period that were anti-dilutive and that were excluded from the determination of diluted earnings per share are as follows:
In Thousands, Except Per Share Data
2017
 
2016
 
2015
Weighted average anti-dilutive stock options
125

 
143

 
96

 
 
 
 
 
 
Weighted average exercise price per share
$
45.74

 
$
40.39

 
$
43.43