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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

7.     Earnings Per Share 



The following is a reconciliation of the denominators of the basic and diluted earnings per share (“EPS”) computations (amounts in thousands, except per share data):







 

 

 

 

 

 

 

 



 

 

 

 

Weighted

 

 

 



 

 

 

 

Average

 

 

 



 

 

Income

 

Shares

 

Per Share



 

 

(Numerator)

 

(Denominator)

 

Amount

For the three months ended September 30, 2018

 

 

 

 

 

 

 

 

Basic EPS

 

$

 8,861 

 

 24,049 

 

$

 0.37 

Effect of dilutive stock options and warrants

 

 

 -

 

 271 

 

 

 -

Diluted EPS

 

$

 8,861 

 

 24,320 

 

$

 0.36 



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

For the three months ended September 30, 2017

 

 

 

 

 

 

 

 

Basic EPS

 

$

 4,374 

 

 23,913 

 

$

 0.18 

Effect of dilutive stock options and warrants

 

 

 -

 

 305 

 

 

 -

Diluted EPS

 

$

 4,374 

 

 24,218 

 

$

 0.18 







 

 

 

 

 

 

 

 

For the nine months ended September 30, 2018

 

 

 

 

 

 

 

 

Basic EPS

 

$

 25,987 

 

 24,017 

 

$

 1.08 

Effect of dilutive stock options and warrants

 

 

 -

 

 256 

 

 

 -

Diluted EPS

 

$

 25,987 

 

 24,273 

 

$

 1.07 



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

For the nine months ended September 30, 2017

 

 

 

 

 

 

 

 

Basic EPS

 

$

 3,586 

 

 16,526 

 

$

 0.22 

Effect of dilutive stock options and warrants

 

 

 -

 

 295 

 

 

 -

Diluted EPS

 

$

 3,586 

 

 16,821 

 

$

 0.21 





There were 379,599 and 394,225 anti-dilutive options outstanding for the three and nine months ended September 30, 2018.  There were 480,729 and 467,977 anti-dilutive options and warrants outstanding for the three and nine months ended September 30, 2017, respectively.