Attached files
| file | filename |
|---|---|
| EX-31.2 - EX-31.2 - WILLIS LEASE FINANCE CORP | wlfc-20170930ex3121d9a8b.htm |
| EX-32 - EX-32 - WILLIS LEASE FINANCE CORP | wlfc-20170930xex32.htm |
| EX-31.1 - EX-31.1 - WILLIS LEASE FINANCE CORP | wlfc-20170930ex311679149.htm |
| EX-10.24 - EX-10.24 - WILLIS LEASE FINANCE CORP | wlfc-20170930ex1024dc14c.htm |
| EX-10.23 - EX-10.23 - WILLIS LEASE FINANCE CORP | wlfc-20170930ex1023c0c39.htm |
| EX-10.22 - EX-10.22 - WILLIS LEASE FINANCE CORP | wlfc-20170930ex10225be1b.htm |
| EX-10.21 - EX-10.21 - WILLIS LEASE FINANCE CORP | wlfc-20170930ex10215b206.htm |
| EX-10.20 - EX-10.20 - WILLIS LEASE FINANCE CORP | wlfc-20170930ex1020e26b4.htm |
| EX-4.6 - EX-4.6 - WILLIS LEASE FINANCE CORP | wlfc-20170930ex4676a833a.htm |
| 10-Q - 10-Q - WILLIS LEASE FINANCE CORP | wlfc-20170930x10q.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 September 30, |
|
Nine Months Ended September 30, |
||||||||
|
|
|
|
|
2017 |
|
2016 |
|
2017 |
|
2016 |
||||
|
Basic |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
|
|
$ |
4,558 |
|
$ |
3,985 |
|
$ |
18,053 |
|
$ |
11,362 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average common shares outstanding |
|
|
|
|
6,055 |
|
|
6,307 |
|
|
6,068 |
|
|
6,711 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings (loss) per common sharae |
|
|
|
$ |
0.75 |
|
$ |
0.63 |
|
$ |
2.98 |
|
$ |
1.69 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assuming full dilution |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
|
|
$ |
4,558 |
|
$ |
3,985 |
|
$ |
18,053 |
|
$ |
11,362 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average common shares outstanding |
|
|
|
|
6,055 |
|
|
6,307 |
|
|
6,068 |
|
|
6,711 |
|
Potentially dilutive common shares outstanding |
|
|
|
|
118 |
|
|
141 |
|
|
130 |
|
|
138 |
|
Diluted average common shares outstanding |
|
|
|
|
6,173 |
|
|
6,448 |
|
|
6,198 |
|
|
6,849 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) per common share |
|
|
|
$ |
0.74 |
|
$ |
0.62 |
|
$ |
2.91 |
|
$ |
1.66 |
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.