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Note 9 - Earnings Per Share
 9 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
EARNINGS PER SHARE.

NOTE 9—EARNINGS PER SHARE

The following is the computation of basic and diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three months ended September 30, 

 

Nine months ended September 30, 

 

(In thousands, except per share amounts)

    

2019

    

2018

    

2019

    

2018

 

Numerator

 

 

  

 

 

  

 

 

  

 

 

  

 

Net income

 

$

5,550

 

$

6,211

 

$

23,046

 

$

21,681

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute basic EPS

 

 

40,936

 

 

40,082

 

 

40,804

 

 

40,024

 

Dilutive effect of share-based awards

 

 

 —

 

 

247

 

 

 —

 

 

247

 

Weighted average shares used to compute diluted EPS

 

 

40,936

 

 

40,329

 

 

40,804

 

 

40,271

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.14

 

$

0.15

 

$

0.56

 

$

0.54

 

Diluted

 

$

0.14

 

$

0.15

 

$

0.56

 

$

0.54

 

 

 

 

Diluted EPS for the three months ended September 30, 2019 excludes 937,424 options to purchase our common stock because their effect would be anti-dilutive.