26.

Income per share

Basic income per share is computed using the weighted average number of ordinary shares outstanding during the period. Diluted income per share is computed using the weighted average number of ordinary shares and dilutive ordinary share equivalents outstanding during the period. The dilutive effect of outstanding stock options is determined based on the treasury stock method.

The calculation of basic and diluted income per share attributable to the parent company for the three months ended September 30, 2017 and 2016, was (figures are in thousands of USD, except share and per share amounts):

	Three Months Ended September 30,
	2017		2016
Numerator:
Net income attributable to the parent company’s common shareholders – Basic and Diluted	$	5,059	$	5,682
Denominator:
Weighted average shares outstanding		31,644,004		31,911,360
Dilutive effects of stock options		267		362
Denominator for dilutive income per share – Diluted		31,644,271		31,911,722

Net income per share attributable to parent company’s common shareholders – Basic	$	0.16	$	0.18
Net income per share attributable to parent company’s common shareholders – Diluted	$	0.16	$	0.18

The calculation of basic and diluted income per share attributable to the parent company for the nine months ended September 30, 2017 and 2016, was (figures are in thousands of USD, except share and per share amounts):

	Nine Months Ended September 30,
	2017		2016
Numerator:
Net income attributable to the parent company’s common shareholders – Basic and Diluted	$	19,694	$	16,755
Denominator:
Weighted average shares outstanding		31,644,004		32,038,933
Dilutive effects of stock options		3,829		1,581
Denominator for dilutive income per share – Diluted		31,647,833		32,040,514

Net income per share attributable to parent company’s common shareholders – Basic	$	0.62	$	0.52
Net income per share attributable to parent company’s common shareholders – Diluted	$	0.62	$	0.52

As of September 30, 2017 and 2016, the exercise prices for 90,000 shares and 82,500 shares, respectively, of outstanding stock options were above the weighted average market price of the Company’s common stock during the nine months ended September 30, 2017 and 2016, respectively, and these stock options were excluded from the calculation of the diluted income per share for the corresponding periods presented.