Earnings per Share

9 Months Ended

Sep. 30, 2015

Note 2. Earnings per Share

Basic earnings per share are determined by dividing earnings by the weighted average number of common shares outstanding during each period. Diluted earnings per share include the potential dilutive effect of options, restricted stock units and shares held in the Company’s Supplemental Executive Retirement Plan.

The following table sets forth the computation of net income attributable to controlling interest and the number of basic and diluted shares used in the computation of earnings per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Numerator:
Net income attributable to controlling interest	$	2,292	$	1,916	$	29,201	$	25,958
Denominator:
Denominator for basic earnings per share		22,943		22,830		22,930		22,813
Effect of dilutive securities:
Employee stock options and restricted stock units		114		167		124		180
Supplemental Executive Retirement Plan		64		112		64		110
Denominator for diluted earnings per share		23,121		23,109		23,118		23,103

Antidilutive options are not included in the diluted earnings per share computation. The number of antidilutive options in the three and nine-month periods ended September 30, 2015 and 2014 were not material.