Attached files

file filename
EX-23.1 - EX-23.1 - WILLIS LEASE FINANCE CORPwlfc-20151231ex231bb64c2.htm
EX-21.1 - EX-21.1 - WILLIS LEASE FINANCE CORPwlfc-20151231ex2118e6f63.htm
EX-12.1 - EX-12.1 - WILLIS LEASE FINANCE CORPwlfc-20151231ex121782340.htm
EX-31.2 - EX-31.2 - WILLIS LEASE FINANCE CORPwlfc-20151231ex312da1ed2.htm
EX-32 - EX-32 - WILLIS LEASE FINANCE CORPwlfc-20151231xex32.htm
EX-31.1 - EX-31.1 - WILLIS LEASE FINANCE CORPwlfc-20151231ex3112bd37b.htm
10-K - 10-K - WILLIS LEASE FINANCE CORPwlfc-20151231x10k.htm
EX-14.1 - EX-14.1 - WILLIS LEASE FINANCE CORPwlfc-20151231ex14102c9c7.htm

Exhibit 11.1

 

WILLIS LEASE FINANCE CORPORATION
AND SUBSIDIARIES

Computation of Earnings Per Share
(In thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

    

2015

    

2014

    

2013

 

Basic

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

Net income

 

$
7,356 

 

$
7,247 

 

$
15,626 

 

 

 

 

 

 

 

 

 

Shares:

 

 

 

 

 

 

 

Average common shares outstanding

 

7,811 

 

7,917 

 

8,029 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$
0.94 

 

$
0.92 

 

$
1.95 

 

 

 

 

 

 

 

 

 

Assuming full dilution

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

Net income

 

$
7,356 

 

$
7,247 

 

$
15,626 

 

 

 

 

 

 

 

 

 

Shares:

 

 

 

 

 

 

 

Average common shares outstanding

 

7,811 

 

7,917 

 

8,029 

 

Potentially dilutive common shares outstanding

 

171 

 

224 

 

260 

 

Diluted average common shares outstanding

 

7,982 

 

8,141 

 

8,289 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$
0.92 

 

$
0.89 

 

$
1.89 

 

 

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 Option/Stock Issuance Plan and restricted stock issued under the 2007 Stock Incentive Plan.