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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Shares of Consolidated Condensed Statements of Income

The following summarizes the Common Stock included in the basic and diluted shares, as disclosed on the face of the consolidated condensed statements of income:

 

 

Three Months
Ended September 30,

 

 

Nine Months
Ended September 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Weighted average number of shares for calculation of basic EPS

 

36,742,168

 

 

 

36,477,044

 

 

 

36,713,294

 

 

 

36,425,626

 

Stock options under equity incentive plans

 

62,908

 

 

 

117,537

 

 

 

117,919

 

 

 

132,737

 

Weighted average number of shares for calculation of diluted EPS

 

36,805,076

 

 

 

36,594,581

 

 

 

36,831,213

 

 

 

36,558,363

 

 

Common Stock Issuable upon Exercise of Certain Stock Options

The accompanying table represents Common Stock issuable upon the exercise of certain stock options that have been excluded from the diluted earnings calculation because the effect of their inclusion would be anti-dilutive.

 

 

Three Months
Ended September 30,

 

 

Nine Months
Ended September 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Stock options outstanding for equity incentive plans

 

1,845,784

 

 

 

1,455,534

 

 

 

1,845,784

 

 

 

1,455,534