Attached files
file | filename |
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EX-32 - EX-32 - WILLIS LEASE FINANCE CORP | wlfc-20161231xex32.htm |
EX-31.2 - EX-31.2 - WILLIS LEASE FINANCE CORP | wlfc-20161231ex3121e1340.htm |
EX-31.1 - EX-31.1 - WILLIS LEASE FINANCE CORP | wlfc-20161231ex311a6fa62.htm |
EX-23.1 - EX-23.1 - WILLIS LEASE FINANCE CORP | wlfc-20161231ex231673079.htm |
EX-21.1 - EX-21.1 - WILLIS LEASE FINANCE CORP | wlfc-20161231ex211f71972.htm |
EX-12.1 - EX-12.1 - WILLIS LEASE FINANCE CORP | wlfc-20161231ex121d5e047.htm |
10-K - 10-K - WILLIS LEASE FINANCE CORP | wlfc-20161231x10k.htm |
Exhibit 11.1
WILLIS LEASE FINANCE CORPORATION
AND SUBSIDIARIES
Computation of Earnings Per Share
(In thousands, except per share amounts)
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Years Ended December 31, |
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2016 |
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2015 |
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2014 |
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Basic |
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Earnings: |
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Net income attributable to common shareholders |
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$ 13,780
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$ 6,460
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$ 7,180
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Shares: |
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Average common shares outstanding |
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6,570 |
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7,817 |
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7,917 |
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Basic earnings per common share |
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$ 2.10
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$ 0.83
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$ 0.91
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Assuming full dilution |
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Earnings: |
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Net income attributable to common shareholders |
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$ 13,780
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$ 6,460
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$ 7,180
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Shares: |
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Average common shares outstanding |
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6,570 |
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7,817 |
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7,917 |
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Potentially dilutive common shares outstanding |
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144 |
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170 |
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224 |
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Diluted average common shares outstanding |
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6,714 |
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7,987 |
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8,141 |
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Diluted earnings per common share |
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$ 2.05
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$ 0.81
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$ 0.88
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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 Option/Stock Issuance Plan and restricted stock issued under the 2007 Stock Incentive Plan.