Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic EPS is calculated by dividing the profit for the year attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year.

Diluted EPS is calculated by dividing the profit for the year (numerator) attributable to ordinary equity holders of the parent by the weighted average number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares arising from exercising all dilutive ordinary shares (denominator).

The following table reflects the income and share data used in the basic and diluted EPS computations:

	Three Months Ended March 31,
	2020		2019
Net income for the period - attributable to ordinary equity holders of the parent (in thousands)	$	18,032	$	18,954
Weighted average number of ordinary shares (in thousands of shares)	60,276		59,518
Basic EPS	$	0.30	$	0.32
Dilutive effect of share based payments (in thousands of shares)	1,115		1,595
Weighted average number of diluted ordinary shares (in thousands of shares)	61,391		61,113
Diluted EPS	$	0.29	$	0.31

In 2019 and 2020, new shares were generated and transferred for settlement of stock based compensation, which was also included in the weighted number of shares. The dilutive effect of the share-based payment transaction is the weighted number of shares considering the grant date, forfeitures and executions during the respective fiscal years. The effect is determined by using the treasury stock method.