Earnings Per Share

6 Months Ended

Jun. 30, 2016

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 June 30,		Income		Shares	Earnings per Share
2016
	Earnings	$	24,885	16,443	$	1.51
	Dilutive stock options		-	289
	Nonvested stock awards		-	99
	Diluted earnings	$	24,885	16,831	$	1.48
2015
	Earnings	$	26,975	16,880	$	1.60
	Dilutive stock options		-	390
	Nonvested stock awards		-	149
	Diluted earnings	$	26,975	17,419	$	1.55

			Net Income
For the Six Months Ended June 30,		Income		Shares	Earnings per Share
2016
	Earnings	$	49,725	16,583	$	3.00
	Dilutive stock options		-	297
	Nonvested stock awards		-	119
	Diluted earnings	$	49,725	16,999	$	2.93
2015
	Earnings	$	51,512	16,872	$	3.05
	Dilutive stock options		-	395
	Nonvested stock awards		-	152
	Diluted earnings	$	51,512	17,419	$	2.96

For the three and six-month periods ended June 30, 2016 and 2015,  418,000 and 411,000, respectively, stock options were excluded from the computation of diluted earnings per share because they would have been anti-dilutive.