Earnings per Share

9 Months Ended

Sep. 30, 2017

Earnings per common share:

Earnings per Share

(6) Earnings per Share. The following details the computations of the basic and diluted earnings per common share (in thousands, except per share amounts):

	Three Months ended				Nine Months ended
	September 30,				September 30,
	2017		2016		2017		2016
Weighted average common shares
outstanding during the period
- shares used for basic
earnings per common share		10,004		9,865		9,967		9,860
Common shares issuable under
share based payment plans
which are potentially dilutive		62		43		68		42
Common shares used for diluted
earnings per common share		10,066		9,908		10,035		9,902
Net income attributable to the Company	$	25,391		1,957		28,547		4,551
Basic earnings per common share:
Basic	$	2.54		0.20		2.86		0.46
Diluted	$	2.52		0.20		2.84		0.46

For the three and nine months ended September 30, 2017, 13,610 and 22,422 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three and nine months ended September 30, 2016, 42,040 and 72,090 shares attributable to outstanding stock options were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.