Earnings Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share[Abstract]

Earnings Per Share

4.    Earnings per Share

Earnings per share (“EPS”) are computed using the weighted average number of shares of capital stock outstanding. Earnings and diluted earnings per share are computed as follows (in thousands, except per share data):

			Net Income
For the Three Months Ended June 30,		Income		Shares	Earnings per Share
2019
	Earnings	$	50,729	15,928	$	3.18
	Dilutive stock options		-	449
	Nonvested stock awards		-	72
	Diluted earnings	$	50,729	16,449	$	3.08
2018
	Earnings	$	54,971	16,035	$	3.43
	Dilutive stock options		-	674
	Nonvested stock awards		-	102
	Diluted earnings	$	54,971	16,811	$	3.27

			Net Income
For the Six Months Ended June 30,		Income		Shares	Earnings per Share
2019
	Earnings	$	95,396	15,941	$	5.98
	Dilutive stock options		-	474
	Nonvested stock awards		-	74
	Diluted earnings	$	95,396	16,489	$	5.79
2018
	Earnings	$	99,967	16,067	$	6.22
	Dilutive stock options		-	683
	Nonvested stock awards		-	104
	Diluted earnings	$	99,967	16,854	$	5.93

For the three and six month periods ended June 30, 2019, there were 246,000 stock options excluded in the computation of dilutive earnings per share because they would have been anti-dilutive.

For the three and six month periods ended June 30, 2018, there were no stock options excluded in the computation of dilutive earnings per share because they would have been anti-dilutive.