Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v2.4.1.9
EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2014
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE

16.EARNINGS PER SHARE

 

Basic EPS was computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period.  Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of dilutive potential common shares outstanding attributable to stock awards. 

There were 169,670 anti-dilutive options as of December 31, 2014, compared to 104,126 and 309,952 shares as of December 31, 2013 and 2012, respectively, which were excluded from the calculation of diluted EPS.

The following is a reconciliation of the denominators of the basic and diluted EPS computations for the years ended December 31, 2014, 2013, and 2012 (in thousands except per share data):

 

 

 

 

 

 

 

 

 

 

Net Income  (Numerator)

 

Weighted Average Shares (Denominator)

 

Per Share Amount

 

For the Year Ended December 31, 2014

 

 

 

 

 

 

Basic EPS

$                 52,591

 

46,036 

 

$
1.14 

 

Effect of dilutive stock awards

 -

 

95 

 

 -

 

Diluted EPS

$                 52,591

 

46,131 

 

$
1.14 

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2013

 

 

 

 

 

 

Basic EPS

$                 34,496

 

24,975 

 

$               1.38

 

Effect of dilutive stock awards

 -

 

56 

 

 -

 

Diluted EPS

$                 34,496

 

25,031 

 

$               1.38

 

 

 

 

 

 

 

 

For the Year Ended December 31, 2012

 

 

 

 

 

 

Basic EPS

$                 35,411

 

25,872 

 

$               1.37

 

Effect of dilutive stock awards

 -

 

29 

 

 -

 

Diluted EPS

$                 35,411

 

25,901 

 

$               1.37