Note 9 - Earnings Per Share

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

9. Earnings Per Share

The following table reconciles the basic to diluted weighted average common shares outstanding using the treasury stock method

(in thousands, except per share amounts)

:

	Three Months Ended March 31,
		2019		2018
Net income	$	19,642	$	6,391
Weighted average common shares outstanding-basic		85,853		83,933
Plus: net effect of dilutive stock options and restricted stock units		2,761		1,749
Weighted average common shares outstanding-diluted		88,614		85,682
Net income per common share-basic	$	0.23	$	0.08
Net income per common share-diluted	$	0.22	$	0.07

For the

three

months ended

March 31, 2019

and

2018,

215,353

and

3,118,939

stock options, respectively, were

not

included in the diluted earnings per share calculation because the effect would have been anti-dilutive. For the

three

months ended

March 31, 2019

and

2018,

restricted stock units representing

120,516

and

58,743

shares of common stock, respectively, were

not

included in the diluted earnings per share calculation because the effect would have been anti-dilutive.