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Earnings Per Share
 12 Months Ended
Dec. 31, 2017
Earnings Per Share[Abstract]  
Earnings Per Share

15.Earnings Per Share

The computation of earnings per share follows (in thousands, except per share data):









 

 

 

 

 

 

 

 

 



 

 

Net Income

For the Years Ended December 31,

 

Net Income

 

Shares

 

Earnings per Share

2017

 

 

 

 

 

 

 

 

 



Earnings

 

$

 98,177 

 

 16,057 

 

$

 6.11 



Dilutive stock options

 

 

 -

 

 596 

 

 

 



Nonvested stock awards

 

 

 -

 

 89 

 

 

 



    Diluted earnings

 

$

 98,177 

 

 16,742 

 

$

 5.86 



 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 



Earnings

 

$

 108,743 

 

 16,383 

 

$

 6.64 



Dilutive stock options

 

 

 -

 

 296 

 

 

 



Nonvested stock awards

 

 

 -

 

 110 

 

 

 



    Diluted earnings

 

$

 108,743 

 

 16,789 

 

$

 6.48 



 

 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

 



Earnings

 

$

 110,274 

 

 16,870 

 

$

 6.54 



Dilutive stock options

 

 

 -

 

 394 

 

 

 



Conversion of Notes and impact of warrants outstanding

 

 

 -

 

 158 

 

 

 



    Diluted earnings

 

$

 110,274 

 

 17,422 

 

$

 6.33 



During 2017,  328,000 stock options were excluded from the computation of diluted earnings per share as their exercise prices were greater than the average market price during most of the year.  During 2016,  923,000 stock options were also excluded.  During 2015,  422,000 stock options were also excluded.