XML 24 R11.htm IDEA: XBRL DOCUMENT v3.20.2
Earnings Per Share
6 Months Ended
Jun. 30, 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 June 30,

Income

Shares

Earnings per Share

2020

Earnings

$

82,101

15,914

$

5.16

Dilutive stock options

-

383

Nonvested stock awards

-

76

Diluted earnings

$

82,101

16,373

$

5.01

2019

Earnings

$

50,729

15,928

$

3.18

Dilutive stock options

-

449

Nonvested stock awards

-

72

Diluted earnings

$

50,729

16,449

$

3.08

Net Income

For the Six Months Ended June 30,

Income

Shares

Earnings per Share

2020

Earnings

$

137,992 

15,953 

$

8.65 

Dilutive stock options

-

415 

Nonvested stock awards

-

77 

Diluted earnings

$

137,992 

16,445 

$

8.39 

2019

Earnings

$

95,396 

15,941 

$

5.98 

Dilutive stock options

-

474 

Nonvested stock awards

-

74 

Diluted earnings

$

95,396 

16,489 

$

5.79 

For the three and six months ended June 30, 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 and six months 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.