Attached files
| file | filename |
|---|---|
| EX-31.1 - EX-31.1 - WILLIS LEASE FINANCE CORP | wlfc-20170630ex311e7d63c.htm |
| EX-31.2 - EX-31.2 - WILLIS LEASE FINANCE CORP | wlfc-20170630ex312491fc2.htm |
| EX-32 - EX-32 - WILLIS LEASE FINANCE CORP | wlfc-20170630xex32.htm |
| 10-Q - 10-Q - WILLIS LEASE FINANCE CORP | wlfc-20170630x10q.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 June 30, |
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Six Months Ended June 30, |
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2017 |
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2016 |
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2017 |
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2016 |
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Basic |
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Earnings: |
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Net income (loss) |
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$ |
5,657 |
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$ |
3,366 |
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$ |
13,495 |
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$ |
7,377 |
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Shares: |
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Average common shares outstanding |
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6,036 |
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6,685 |
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6,075 |
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6,917 |
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Basic earnings (loss) per common sharae |
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$ |
0.94 |
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$ |
0.50 |
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$ |
2.22 |
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$ |
1.07 |
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Assuming full dilution |
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Earnings: |
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Net income (loss) |
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$ |
5,657 |
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$ |
3,366 |
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$ |
13,495 |
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$ |
7,377 |
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Shares: |
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Average common shares outstanding |
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6,036 |
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6,685 |
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6,075 |
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6,917 |
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Potentially dilutive common shares outstanding |
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106 |
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134 |
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126 |
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130 |
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Diluted average common shares outstanding |
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6,142 |
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6,819 |
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6,201 |
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7,047 |
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Diluted earnings (loss) per common share |
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$ |
0.92 |
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$ |
0.49 |
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$ |
2.18 |
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$ |
1.05 |
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.