Earnings Per Share

3 Months Ended

Mar. 31, 2020

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 March 31,		Income		Shares	Earnings per Share
2020
	Earnings	$	55,891	15,991	$	3.50
	Dilutive stock options		-	446
	Nonvested stock awards		-	79
	Diluted earnings	$	55,891	16,516	$	3.38
2019
	Earnings	$	44,667	15,954	$	2.80
	Dilutive stock options		-	494
	Nonvested stock awards		-	77
	Diluted earnings	$	44,667	16,525	$	2.70

For the three months ended March 31, 2020, there were 285,000 stock options excluded in the computation of dilutive earnings per share because they would have been anti-dilutive.

For the three months ended March 31, 2019, there were 246,000 stock options excluded in the computation of dilutive earnings per share because they would have been anti-dilutive.