Note 4 - Earnings Per Share

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

4

– Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended March 31,
	2017		2016
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	14,479	$	2,395
Denominator–
Denominator for basic earnings per share – weighted average shares outstanding		39,409		40,553
Effect of dilutive securities– Employee stock options and restricted stock awards		1,292		496
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		40,701		41,049
Basic earnings per common share	$	.37	$	.06
Diluted earnings per common share and common share equivalents	$	.36	$	.06

Options to purchase shares of common stock that were outstanding for the

three

months ended

March

31,

2017

and

2016

that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows (in thousands):

	March 31, 2017		March 31, 2016
Weighted average anti-dilutive options		729		2,520