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

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For The Three Months

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For The Six Months

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Ended June 30, 

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Ended June 30, 

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2019

    

2018

    

2019

    

2018

Net Income

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$

12,375,256

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$

4,719,806

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$

23,464,697

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$

10,385,440

Basic Weighted-Average Shares Outstanding

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67,357,645

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60,388,029

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65,305,081

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58,412,825

Effect of dilutive securities:

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Stock options

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217,472

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1,499,886

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418,397

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1,495,482

Restricted stock

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95,142

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76,095

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128,870

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59,002

Diluted Weighted-Average Shares Outstanding

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67,670,259

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61,964,010

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65,852,348

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59,967,309

Basic Earnings per Share

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$

0.18

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$

0.08

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$

0.36

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$

0.18

Diluted Earnings per Share

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$

0.18

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$

0.08

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$

0.36

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$

0.17

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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.