Note 11 - Net Income Per Share

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

( 11 ) Net Income Per Share

The following table reflects, for the

three

and

nine

months ended

September 30, 2018

and

2017,

net income (numerator) and average shares outstanding (denominator) for basic and diluted net income per share computations:

	Three months ended				Nine months ended
(In thousands, except per share data)	September 30,				September 30,
	2018		2017		2018		2017
Net income	$	13,876	$	11,704	$	40,859	$	33,097
Average shares outstanding		22,636		22,542		22,613		22,524
Dilutive securities		332		422		343		460
Average shares outstanding including dilutive securities including dilutive securities		22,968		22,964		22,956		22,984
Net income per share, basic	$	0.61	$	0.52	$	1.81	$	1.47
Net income per share, diluted	$	0.60	$	0.51	$	1.78	$	1.44

As of

September 30, 2018,

SARs totaling

93,827

granted in

2017

and

2018

were

not

included in the

2018

quarterly and

nine

month calculations, as they were antidilutive; however they could be dilutive to EPS in the future.