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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
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,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Weighted average number of shares for calculation of basic

   EPS

 

 

32,838,636

 

 

 

36,103,520

 

 

 

33,282,584

 

 

 

36,364,380

 

Stock options, restricted stock awards and restricted stock

   units under equity incentive plans

 

 

94,043

 

 

 

344,642

 

 

 

135,971

 

 

 

105,379

 

Weighted average number of shares for calculation of

   diluted EPS

 

 

32,932,679

 

 

 

36,448,162

 

 

 

33,418,555

 

 

 

36,469,759

 

 

Common Stock Issuable upon Exercise of Certain Stock Options

The following 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,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Stock options outstanding for equity incentive plans

 

 

441,435

 

 

 

12,000

 

 

 

441,435

 

 

 

1,359,250