Attached files
| file | filename |
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| EX-32 - EX-32 - WILLIS LEASE FINANCE CORP | wlfc-20150930xex32.htm |
| EX-31.1 - EX-31.1 - WILLIS LEASE FINANCE CORP | wlfc-20150930ex3116a83f4.htm |
| EX-31.2 - EX-31.2 - WILLIS LEASE FINANCE CORP | wlfc-20150930ex312672144.htm |
| 10-Q - 10-Q - WILLIS LEASE FINANCE CORP | wlfc-20150930x10q.htm |
WILLIS LEASE FINANCE CORPORATION
AND SUBSIDIARIES
Computation of Earnings Per Share
(In thousands, except per share data, unaudited)
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2015 |
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2014 |
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2015 |
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2014 |
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Earnings: |
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Net income |
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$ |
2,577 |
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$ |
979 |
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$ |
4,383 |
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$ |
7,525 |
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Shares: |
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Average common shares outstanding |
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7,839 |
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7,976 |
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7,843 |
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7,946 |
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Basic earnings per common share |
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$ |
0.33 |
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$ |
0.12 |
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$ |
0.56 |
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$ |
0.95 |
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Assuming full dilution |
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Earnings: |
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Net income |
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$ |
2,577 |
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$ |
979 |
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$ |
4,383 |
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$ |
7,525 |
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Shares: |
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Average common shares outstanding |
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7,839 |
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7,938 |
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7,843 |
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7,943 |
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Potentially dilutive common shares outstanding |
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124 |
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185 |
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168 |
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220 |
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Diluted average common shares outstanding |
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7,963 |
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8,123 |
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8,011 |
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8,163 |
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Diluted earnings per common share |
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$ |
0.32 |
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$ |
0.12 |
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$ |
0.55 |
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$ |
0.92 |
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Supplemental information:
The difference between average common shares outstanding to calculate basic and assuming full dilution is due to options outstanding under the 1996 Stock Options/Stock Issuance Plan and restricted stock issued under the 2007 Stock Incentive Plan.
The calculation of diluted earnings per share for the three months ended September 30, 2015 excluded from the denominator 130,000 restricted stock awards granted to employees and directors because their effect would have been anti-dilutive and September 30, 2015. The calculation of diluted earnings per share for the nine months ended September 30, 2015 excluded from the denominator 4,029 restricted stock awards granted to employees and directors because their effect would have been anti-dilutive and September 30, 2015. The calculation of diluted earnings per share for the three and nine months ended September 30, 2014 excluded from the denominator zero options and zero restricted stock awards granted to employees and directors because their effect would have been anti-dilutive.