Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.8.0.1
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
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.
 
The following is a reconciliation of the denominators of the basic and diluted EPS computations for the three and nine months ended September 30, 2017 and 2016 (dollars in thousands except per share data):
 
 
Net Income Available to
Common Stockholders
(Numerator)
 
Weighted
Average
Common Shares
(Denominator)
 
Per Share
Amount
Three months ended September 30, 2017
 

 
 

 
 

Basic
20,658

 
43,707

 
$
0.47

Add: potentially dilutive common shares - stock awards
—

 
85

 
—

Diluted
$
20,658

 
43,792

 
$
0.47

Three months ended September 30, 2016
 

 
 

 
 

Basic
20,401

 
43,566

 
$
0.47

Add: potentially dilutive common shares - stock awards
—

 
189

 
—

Diluted
$
20,401

 
43,755

 
$
0.47

Nine months ended September 30, 2017
 
 
 
 
 
Basic
57,737

 
43,685

 
$
1.32

Add: potentially dilutive common shares - stock awards
—

 
83

 
—

Diluted
$
57,737

 
43,768

 
$
1.32

Nine months ended September 30, 2016
 
 
 
 
 
Basic
56,699

 
43,854

 
$
1.29

Add: potentially dilutive common shares - stock awards
—

 
114

 
—

Diluted
$
56,699

 
43,968

 
$
1.29