Earnings Per Share

3 Months Ended

Mar. 31, 2019

Earnings Loss Per Share [Abstract]

Earnings Per Share

NOTE 14. Earnings Per Share

Basic earnings per share is calculated using the weighted average number of shares of common stock outstanding during the period.  Diluted earnings per share is computed in the same manner and also gives effect to all dilutive common stock equivalent shares outstanding during the period.  Potential common shares that would have the effect of increasing diluted earnings per share are considered to be anti-dilutive.  In accordance with U.S. GAAP, these shares were not included in calculating diluted earnings per share.

The following table sets forth the weighted average number of restricted stock units that have been excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive:

	Three Months Ended March 31,
	2019		2018
Restricted stock units		208		33
Total		208		33

The Company’s basic and diluted earnings per share amounts are as follows:

	Three Months Ended March 31,
	2019		2018
Numerator:
Net income	$	7,576	$	15,130
Denominator:
Basic earnings per share - weighted average shares    outstanding		30,916		31,662
Effect of potential dilutive securities:
Employee stock options and restricted stock    units - dilutive shares		350		655
Diluted earnings per share - weighted average shares    outstanding		31,266		32,317
Earnings per share:
Basic	$	0.25	$	0.48
Diluted	$	0.24	$	0.47