Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - WILLIS LEASE FINANCE CORP | wlfc-20160930x10q.htm |
| EX-32 - EX-32 - WILLIS LEASE FINANCE CORP | wlfc-20160930xex32.htm |
| EX-31.2 - EX-31.2 - WILLIS LEASE FINANCE CORP | wlfc-20160930ex312f35589.htm |
| EX-31.1 - EX-31.1 - WILLIS LEASE FINANCE CORP | wlfc-20160930ex311911dad.htm |
Exhibit 11.1
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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2016 |
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2015 |
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2016 |
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2015 |
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Earnings: |
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Net income |
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$ |
3,985 |
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$ |
2,551 |
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$ |
11,362 |
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$ |
3,423 |
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Shares: |
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Average common shares outstanding |
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6,307 |
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7,839 |
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6,711 |
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7,843 |
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Basic earnings per common share |
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$ |
0.63 |
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$ |
0.33 |
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$ |
1.69 |
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$ |
0.44 |
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Assuming full dilution |
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Earnings: |
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Net income |
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$ |
3,985 |
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$ |
2,551 |
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$ |
11,362 |
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$ |
3,423 |
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Shares: |
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Average common shares outstanding |
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6,307 |
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7,839 |
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6,711 |
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7,843 |
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Potentially dilutive common shares outstanding |
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141 |
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124 |
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138 |
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168 |
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Diluted average common shares outstanding |
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6,448 |
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7,963 |
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6,849 |
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8,011 |
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Diluted earnings per common share |
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$ |
0.62 |
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$ |
0.32 |
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$ |
1.66 |
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$ |
0.43 |
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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.