Earnings Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share[Abstract]

Earnings Per Share

4.    Earnings per Share

Earnings per share (“EPS”) are computed using the weighted average number of shares of capital stock outstanding. Earnings and diluted earnings per share are computed as follows (in thousands, except per share data):

			Net Income
For the Three Months Ended September 30,		Income		Shares	Earnings per Share
2019
	Earnings	$	58,947	15,970	$	3.69
	Dilutive stock options		-	500
	Nonvested stock awards		-	85
	Diluted earnings	$	58,947	16,555	$	3.56
2018
	Earnings	$	51,249	16,074	$	3.19
	Dilutive stock options		-	613
	Nonvested stock awards		-	85
	Diluted earnings	$	51,249	16,772	$	3.06

			Net Income
For the Nine Months Ended September 30,		Income		Shares	Earnings per Share
2019
	Earnings	$	154,343	15,952	$	9.68
	Dilutive stock options		-	484
	Nonvested stock awards		-	78
	Diluted earnings	$	154,343	16,514	$	9.35
2018
	Earnings	$	151,216	16,070	$	9.41
	Dilutive stock options		-	662
	Nonvested stock awards		-	98
	Diluted earnings	$	151,216	16,830	$	8.98

For the three months ended September 30, 2019, there were no stock options excluded in the computation of dilutive earnings per share because they would have been anti-dilutive.

For the nine months ended September 30, 2019, there were 246,000 stock options excluded in the computation of dilutive earnings per share because they would have been anti-dilutive.

For the three and nine month periods ended September 30, 2018, there were no stock options excluded in the computation of dilutive earnings per share because they would have been anti-dilutive.