Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - WILLIS LEASE FINANCE CORP | wlfc-20170630x10q.htm |
| EX-32 - EX-32 - WILLIS LEASE FINANCE CORP | wlfc-20170630xex32.htm |
| EX-31.2 - EX-31.2 - WILLIS LEASE FINANCE CORP | wlfc-20170630ex312491fc2.htm |
| EX-31.1 - EX-31.1 - WILLIS LEASE FINANCE CORP | wlfc-20170630ex311e7d63c.htm |
Exhibit 11.1
WILLIS LEASE FINANCE CORPORATION
AND SUBSIDIARIES
Computation of Earnings Per Share
(In thousands, except per share data, unaudited)
|
|
|
|
|
Three Months Ended June 30, |
|
Six Months Ended June 30, |
||||||||
|
|
|
|
|
2017 |
|
2016 |
|
2017 |
|
2016 |
||||
|
Basic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
|
|
$ |
5,657 |
|
$ |
3,366 |
|
$ |
13,495 |
|
$ |
7,377 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average common shares outstanding |
|
|
|
|
6,036 |
|
|
6,685 |
|
|
6,075 |
|
|
6,917 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings (loss) per common sharae |
|
|
|
$ |
0.94 |
|
$ |
0.50 |
|
$ |
2.22 |
|
$ |
1.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assuming full dilution |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
|
|
$ |
5,657 |
|
$ |
3,366 |
|
$ |
13,495 |
|
$ |
7,377 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average common shares outstanding |
|
|
|
|
6,036 |
|
|
6,685 |
|
|
6,075 |
|
|
6,917 |
|
Potentially dilutive common shares outstanding |
|
|
|
|
106 |
|
|
134 |
|
|
126 |
|
|
130 |
|
Diluted average common shares outstanding |
|
|
|
|
6,142 |
|
|
6,819 |
|
|
6,201 |
|
|
7,047 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) per common share |
|
|
|
$ |
0.92 |
|
$ |
0.49 |
|
$ |
2.18 |
|
$ |
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.