XML 24 R12.htm IDEA: XBRL DOCUMENT v3.19.1
Earnings Per Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 4. EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed as net income divided by the weighted-average number of shares of common stock outstanding for the period. Diluted EPS is computed assuming conversion of all potentially dilutive securities including the dilutive effect of stock options, unvested restricted stock awards and other potentially dilutive securities.  The table below presents the weighted-average number of shares of common stock used to calculate basic and diluted earnings per share:

 

 

 

Three Months Ended

March 31,

 

(in thousands)

 

2019

 

 

2018

 

Weighted-average number of shares of common stock for

   calculating basic earnings per share

 

 

24,195

 

 

 

24,067

 

Effect of potentially dilutive securities from equity-based

   compensation

 

 

345

 

 

 

411

 

Weighted-average number of shares of common stock for

   calculating diluted earnings per share

 

 

24,540

 

 

 

24,478

 

 

 

 

 

 

 

 

 

 

 

There were no anti-dilutive securities excluded from the computation of diluted earnings per share in the three months ended March 31, 2019 and 2018.