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Earnings Per Share
 3 Months Ended
Mar. 31, 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 March 31,

 

Income

 

Shares

 

Earnings per Share

2019

 

 

 

 

 

 

 

 

 



Earnings

 

$

 44,667 

 

 15,954 

 

$

 2.80 



Dilutive stock options

 

 

 -

 

 494 

 

 

 



Nonvested stock awards

 

 

 -

 

 77 

 

 

 



Diluted earnings

 

$

 44,667 

 

 16,525 

 

$

 2.70 



 

 

 

 

 

 

 

 

 

2018

 

 

 

 

 

 

 

 

 



Earnings

 

$

 44,996 

 

 16,100 

 

$

 2.79 



Dilutive stock options

 

 

 -

 

 680 

 

 

 



Nonvested stock awards

 

 

 -

 

 107 

 

 

 



Diluted earnings

 

$

 44,996 

 

 16,887 

 

$

 2.66 



 





For the three-month periods ended March 31, 2019 and 2018, there were 246,000 and 328,000, respectively, stock options were excluded in the computation of dilutive earnings per share because they would have been anti-dilutive.