Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE INFORMATION

v3.19.2
EARNINGS PER SHARE INFORMATION
6 Months Ended
Jun. 30, 2019
EARNINGS PER SHARE INFORMATION  
EARNINGS PER SHARE INFORMATION

NOTE 4 – EARNINGS PER SHARE INFORMATION

For The Three Months

For The Six Months

Ended June 30, 

Ended June 30, 

    

2019

    

2018

    

2019

    

2018

Net Income

$

12,375,256

$

4,719,806

$

23,464,697

$

10,385,440

Basic Weighted-Average Shares Outstanding

 

67,357,645

 

60,388,029

 

65,305,081

 

58,412,825

Effect of dilutive securities:

 

 

  

 

 

  

Stock options

 

217,472

 

1,499,886

 

418,397

 

1,495,482

Restricted stock

 

95,142

 

76,095

 

128,870

 

59,002

Diluted Weighted-Average Shares Outstanding

 

67,670,259

 

61,964,010

 

65,852,348

 

59,967,309

Basic Earnings per Share

$

0.18

$

0.08

$

0.36

$

0.18

Diluted Earnings per Share

$

0.18

$

0.08

$

0.36

$

0.17

Stock options to purchase 1,013,500 shares of common stock and 276,860 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the three months ended June 30, 2019, as their effect would have been anti-dilutive. Stock options to purchase 2,353,500 shares of common stock and 276,860 shares of unvested restricted stock were excluded from the computation of diluted earnings per share during the six months ended June 30, 2019, as their effect would have been anti-dilutive. Stock options to purchase 583,500 shares of common stock were excluded from the computation of diluted earnings per share during  both the three and six months ended June 30, 2018, as their effect would have been anti-dilutive.