Note 12 - Net Income Per Share

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

( 12 ) Net Income Per Share

The following table reflects, for the

three

months ended

March 31, 2019

and

2018,

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

	Three months ended
(In thousands, except per share data)	March 31,
	2019		2018
Net income	$	15,641	$	13,404
Weighted average shares outstanding - basic		22,661		22,577
Dilutive securities		285		354
Weighted average shares outstanding- diluted		22,946		22,931
Net income per share, basic	$	0.69	$	0.59
Net income per share, diluted	$	0.68	$	0.58

SARs of

188

thousand granted at prices ranging from

$33.08

to

$40.00

were outstanding at

March 31, 2019,

but

not

included in the computation of diluted EPS because they were antidilutive. They could, however, be dilutive to EPS in the future.