Attached files

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EX-32 - EX-32 - WILLIS LEASE FINANCE CORPwlfc-20161231xex32.htm
EX-31.2 - EX-31.2 - WILLIS LEASE FINANCE CORPwlfc-20161231ex3121e1340.htm
EX-31.1 - EX-31.1 - WILLIS LEASE FINANCE CORPwlfc-20161231ex311a6fa62.htm
EX-23.1 - EX-23.1 - WILLIS LEASE FINANCE CORPwlfc-20161231ex231673079.htm
EX-21.1 - EX-21.1 - WILLIS LEASE FINANCE CORPwlfc-20161231ex211f71972.htm
EX-12.1 - EX-12.1 - WILLIS LEASE FINANCE CORPwlfc-20161231ex121d5e047.htm
10-K - 10-K - WILLIS LEASE FINANCE CORPwlfc-20161231x10k.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,

 

 

    

2016

    

2015

    

2014

 

Basic

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

Net income attributable to common shareholders

 

$
13,780 

 

$
6,460 

 

$
7,180 

 

 

 

 

 

 

 

 

 

Shares:

 

 

 

 

 

 

 

Average common shares outstanding

 

6,570 

 

7,817 

 

7,917 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$
2.10 

 

$
0.83 

 

$
0.91 

 

 

 

 

 

 

 

 

 

Assuming full dilution

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

Net income attributable to common shareholders

 

$
13,780 

 

$
6,460 

 

$
7,180 

 

 

 

 

 

 

 

 

 

Shares:

 

 

 

 

 

 

 

Average common shares outstanding

 

6,570 

 

7,817 

 

7,917 

 

Potentially dilutive common shares outstanding

 

144 

 

170 

 

224 

 

Diluted average common shares outstanding

 

6,714 

 

7,987 

 

8,141 

 

 

 

 

 

 

 

 

 

Diluted earnings per common share

 

$
2.05 

 

$
0.81 

 

$
0.88 

 

 

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.