Note 5 - Earnings Per Share

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

5.

Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Numerator:
Net income	$	17,041	$	1,777	$	3,264	$	2,002
Denominator:
Denominator for basic earnings per share – weighted-average common shares outstanding		166,572		165,392		166,046		165,083
Effect of dilutive securities:
Stock options and restricted shares		3,027		2,237		447		2,782
Denominator for diluted earnings per share – adjusted weighted-average shares and assumed exercise of options and restricted shares		169,599		167,629		166,493		167,865
Net income per common share - basic	$	0.10	$	0.01	$	0.02	$	0.01
Net income per common share - diluted	$	0.10	$	0.01	$	0.02	$	0.01

Basic earnings per share, excluding any dilutive effects of stock options and unvested restricted stock, is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted net income per share is computed similar to basic; however diluted income per share reflects the assumed conversion of all potentially dilutive securities.