Note 4 - Earnings Per Share

3 Months Ended

Mar. 31, 2018

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 amounts):

	Three Months Ended March 31,
	2018		2017
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	21,039	$	14,479
Denominator–
Denominator for basic earnings per share – weighted average shares outstanding		39,665		39,409
Effect of dilutive securities– Employee stock options and restricted stock awards		1,427		1,292
Denominator for basic earnings per share – adjusted weighted average shares outstanding and assumed conversions shares outstanding		41,092		40,701
Basic earnings per common share	$	.53	$	.37
Diluted earnings per common share and common share equivalents	$	.51	$	.36

Options to purchase shares of common stock that were outstanding for the

three

months ended

March 31, 2018

and

2017

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):

	March 31, 2018		March 31, 2017
Anti-dilutive options – weighted average		87		729