Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.4.0.3
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2016
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE

10.EARNINGS PER SHARE



Basic EPS is 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 approximately 76,583 and 159,460 shares underlying anti-dilutive awards for the three months ended March 31, 2016 and 2015, respectively.  Anti-dilutive awards 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 three months ended March 31, 2016 and 2015 (in thousands except per share data):





 

 

 

 

 

 

 



Net Income Available to Common Shareholders (Numerator)

 

Weighted Average Common Shares (Denominator)

 

Per Share Amount

For the three months ended March 31, 2016

 

 

 

 

 

 

 

Net income, basic

$

 16,961 

 

 44,251 

 

$

 0.38 

Add: potentially dilutive common shares - stock awards

 

 -

 

 76 

 

 

 -

Diluted

$

 16,961 

 

 44,327 

 

$

 0.38 



 

 

 

 

 

 

 

For the three months ended March 31, 2015

 

 

 

 

 

 

 

Net income, basic

$

 15,701 

 

 45,106 

 

$

 0.35 

Add: potentially dilutive common shares - stock awards

 

 -

 

 82 

 

 

 -

Diluted

$

 15,701 

 

 45,188 

 

$

 0.35