Earnings per share have been computed based on the following:
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Years ended December 31, |
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2015 |
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2014 |
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2013 |
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Net income (in thousands)
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$ |
43,818 |
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$ |
26,108 |
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$ |
27,399 |
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(number of shares in thousands)
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Average number of common shares outstanding
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22,750 |
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17,716 |
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16,045 |
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Effect of dilutive stock options
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248 |
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207 |
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152 |
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Average number of common shares outstanding used to calculate
diluted earnings per share
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22,998 |
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17,923 |
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16,197 |
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