Note 4 - Earnings Per Share

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

4 – Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share information):

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Numerator:
Numerator for basic and diluted earnings per share –
Net income available to common shareholders	$	19,576	$	19,838	$	36,357	$	31,852
Denominator–
Denominator for basic earnings per share – weighted average shares outstanding		40,275		39,751		40,171		39,544
Effect of dilutive securities–
Employee and director stock options and restricted share awards		797		1,098		858		1,138
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		41,072		40,849		41,029		40,682
Basic earnings per common share	$	.49	$	.50	$	.91	$	.81
Diluted earnings per common share and common share equivalents	$	.48	$	.49	$	.89	$	.78

Options to purchase shares of common stock that were outstanding for the three months and six months ended June 30, 2015, and 2014, that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
Options		1,234		721		1,045		576
Total anti-dilutive securities		1,234		721		1,045		576