Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of numerators and denominators for basic and diluted earnings per share computations

Note 2: Earnings Per Share

Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per common share are calculated by dividing net income by the weighted average number of shares adjusted for the dilutive effect of stock compensation. For the three months ended March 31, 2020 and 2019, 303,0000 of stock options and 3,946 of restricted stock awards, and 135,000 of stock options, respectively, were excluded from the calculation because they were deemed to be antidilutive.

The following table presents the numerators and denominators for basic and diluted earnings per share computations for the three months ended March 31, 2020 and 2019:


	Three Months Ended
	March 31,
	2020		2019
Net Income Available to Common Shareholders	$	7,443	$	7,018
Weighted Average Common Stock Outstanding:
Weighted Average Common Stock Outstanding (Basic)		28,791,494		30,097,638
Dilutive Effect of Stock Compensation		710,751		609,098
Weighted Average Common Stock Outstanding (Dilutive)		29,502,245		30,706,736

Basic Earnings per Common Share	$	0.26	$	0.23
Diluted Earnings per Common Share		0.25		0.23