Attached files
| file | filename |
|---|---|
| EX-31.1 - EX-31.1 - NAVIGATORS GROUP INC | navg-ex311_7.htm |
| EX-31.2 - EX-31.2 - NAVIGATORS GROUP INC | navg-ex312_6.htm |
| EX-32.2 - EX-32.2 - NAVIGATORS GROUP INC | navg-ex322_9.htm |
| EX-32.1 - EX-32.1 - NAVIGATORS GROUP INC | navg-ex321_8.htm |
| 10-Q - 10-Q - NAVIGATORS GROUP INC | navg-10q_20170630.htm |
Exhibit 11-1
THE NAVIGATORS GROUP, INC. AND SUBSIDIARIES
Computation of Per Share Earnings
The following table presents the computation of Basic and Diluted Earnings per Share for the three and six months ended June 30, 2017 and 2016:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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amounts in thousands, except per share amounts |
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2017 |
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2016 |
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2017 |
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2016 |
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Net Income |
|
$ |
20,502 |
|
|
$ |
16,190 |
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|
$ |
41,612 |
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|
$ |
39,122 |
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Basic Weighted Average Shares (1) |
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|
29,470 |
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|
|
29,074 |
|
|
|
29,377 |
|
|
|
29,029 |
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Effect of Common Stock Equivalents: |
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Assumed Exercise of Stock Options and Vesting of Stock Grants |
|
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448 |
|
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|
879 |
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|
|
520 |
|
|
|
855 |
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Diluted Weighted Average Shares |
|
|
29,918 |
|
|
|
29,953 |
|
|
|
29,897 |
|
|
|
29,884 |
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Net Income per Common Share: |
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Basic |
|
$ |
0.70 |
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|
$ |
0.56 |
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$ |
1.42 |
|
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$ |
1.35 |
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Diluted |
|
$ |
0.69 |
|
|
$ |
0.54 |
|
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$ |
1.39 |
|
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$ |
1.31 |
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Anti-dilutive Shares Excluded from the Dilutive Computation |
|
|
164 |
|
|
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— |
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|
|
108 |
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— |
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(1) - We completed a two-for-one stock split on January 20, 2017. All share and per share data prior to January 20, 2017 has been retroactively restated on a post-split basis.