| Earnings Per Share |
NOTE 6. EARNINGS PER SHARE
Basic earnings per weighted average common share
(“EPS”) is calculated by dividing net income by the
weighted average number of basic common shares outstanding during
the period. Diluted earnings per share amounts are based on the
weighted average number of common shares including outstanding
warrants and the net effect of potentially dilutive common shares
outstanding.
The following table sets forth the computation of basic and diluted
EPS for the periods indicated.
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2014 |
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2013 |
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2014 |
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2013 |
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Basic earnings per share:
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Net income attributable to common stockholders (000’s)
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$ |
9,965 |
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$ |
5,327 |
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$ |
27,420 |
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$ |
33,399 |
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Weighted average shares outstanding
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29,794,960 |
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15,254,100 |
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22,807,705 |
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13,740,250 |
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Basic earnings per share:
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$ |
0.33 |
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$ |
0.35 |
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$ |
1.20 |
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$ |
2.43 |
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2014 |
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2013 |
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2014 |
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2013 |
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Diluted earnings per share:
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Net income attributable to common stockholders (000’s)
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$ |
9,965 |
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$ |
5,327 |
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$ |
27,420 |
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$ |
33,399 |
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Weighted average shares outstanding
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29,794,960 |
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15,254,100 |
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22,807,705 |
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13,740,250 |
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Weighted average dilutive shares
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19,671 |
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— |
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1,574,164 |
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— |
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Total weighted average dilutive shares
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29,814,631 |
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15,254,100 |
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24,381,869 |
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13,740,250 |
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Diluted earnings per share:
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$ |
0.33 |
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$ |
0.35 |
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$ |
1.12 |
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$ |
2.43 |
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