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Note 1: Nature of Operations and Summary of Significant Accounting Policies: Earnings Per Share (Policies)
12 Months Ended
Dec. 31, 2013
Policies  
Earnings Per Share

Earnings Per Share

 

Basic earnings per share are computed based on the weighted average number of shares outstanding during each year.  Diluted earnings per share are computed using the weighted average common shares and all potential dilutive common shares outstanding during the period.

 

 

Earnings per share (EPS) were computed as follows:

 

 

2013

2012

2011

(In Thousands, Except Per Share Data)

 

 

 

 

 

 

 

Net income

$33,729

$48,706

$30,269

 

 

 

 

Net income available to common shareholders

$33,150

$48,098

$26,259

 

 

 

 

Net income from continuing operations

$33,729

$44,087

$29,657

 

 

 

 

Net income from continuing operations available to common shareholders

$33,150

$43,479

$25,647

 

 

 

 

Average common shares outstanding

13,635

13,534

13,462

 

 

 

 

Average common share stock options and warrants outstanding

80

58

164

 

 

 

 

Average diluted common shares

13,715

13,592

13,626

 

 

 

 

Earnings per common share – basic

$2.43

$3.55

$1.95

 

 

 

 

Earnings per common share – diluted

$2.42

$3.54

$1.93

 

 

 

 

Earnings from continuing operations per common share – basic

$2.43

$3.21

$1.91

 

 

 

 

Earnings from continuing operations per common share – diluted

$2.42

$3.20

$1.89

 

 

 

 

Earnings from discontinued operations per common share, net of tax – basic

$--

$0.34

$0.04

 

 

 

 

Earnings from discontinued operations per common share, net of tax – diluted

$--

$0.34

$0.04

 

 

 

Options to purchase 243,510, 444,770 and

479,098 shares of common stock were outstanding at December 31, 2013, 2012 and 2011, respectively, but were not included in the computation of diluted earnings per share for that year because the options’ exercise price was greater than the average market price of the common shares for the years ended December 31, 2013, 2012 and 2011, respectively.