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Earnings Per Share
 3 Months Ended
Mar. 31, 2016
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

2016

 

 

 

 

 

 

 

 

 



Earnings

 

$

 24,840 

 

 16,720 

 

$

 1.49 



Dilutive stock options

 

 

 -

 

 305 

 

 

 



Nonvested stock awards

 

 

 -

 

 145 

 

 

 



Diluted earnings

 

$

 24,840 

 

 17,170 

 

$

 1.45 



 

 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

 



Earnings

 

$

 24,537 

 

 16,914 

 

$

 1.45 



Dilutive stock options

 

 

 -

 

 397 

 

 

 



Nonvested stock awards

 

 

 -

 

 155 

 

 

 



Diluted earnings

 

$

 24,537 

 

 17,466 

 

$

 1.40 



 

For the three month period ended March 31, 2016 and 2015,  421,000 and 411,000, respectively, stock options were excluded from the computation of diluted earnings per share because they would have been anti-dilutive.