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Earnings Per Share
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE B – Earnings Per Share

Basic earnings per share is calculated by dividing net income attributable to common stockholders by the weighted-average number of shares of Common Stock outstanding during the period. Diluted earnings per share is calculated similarly but includes potential dilution from the exercise of stock options and stock awards, except when the effect would be anti-dilutive.

The computation of basic and diluted earnings per common share is as follows (in thousands, except per share data):

 

 

Three Months Ended

 

 

March 31,

 

 

2015

 

 

2014

 

BASIC

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

  used in computing basic earnings per share

 

47,667

 

 

 

46,699

 

Net income attributable to common stockholders

$

11,132

 

 

$

10,202

 

Earnings per share attributable to common stockholders

$

0.23

 

 

$

0.22

 

 

 

 

 

 

 

 

 

DILUTED

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

  used in computing basic earnings per share

 

47,667

 

 

 

46,699

 

Add:  Dilutive effect of stock options and stock awards outstanding

 

1,311

 

 

 

1,297

 

 

 

48,978

 

 

 

47,996

 

 

 

 

 

 

 

 

 

Net income attributable to common stockholders

$

11,132

 

 

$

10,202

 

Earnings per share attributable to common stockholders

$

0.23

 

 

$

0.21