CAFI » Topics » 11. Earnings Per Share

These excerpts taken from the CAFI 10-K filed Mar 17, 2008.
11. Earnings Per Share
 
Basic earnings per common share is computed based upon the weighted-average number of common shares outstanding during the year. Diluted earnings per common share is computed including the dilutive effect of additional potential common shares issuable under outstanding stock options. Diluted earnings per share is not computed for periods in which an operating loss is sustained. The computations were as follows for the years ended December 31:
 
                         
    For the years ended  
    2007     2006     2005  
 
   
(In thousands, except per share information)
 
 
BASIC:                        
Net Earnings
  $ 4,501     $ 5,874     $ 8,766  
Weighted average common shares outstanding
    7,327       7,506       7,645  
     
     
Earnings per share - Basic
  $ 0.61     $ 0.78     $ 1.15  
     
     
DILUTED:
                       
Net Earnings
  $ 4,501     $ 5,874     $ 8,766  
Weighted average common shares outstanding
    7,327       7,506       7,645  
Dilutive effect of stock options
    1       2       4  
     
     
Total common shares and dilutive potential common shares
    7,328       7,508       7,649  
     
     
                         
Earnings per share - Diluted
  $ 0.61     $ 0.78     $ 1.15  
     
     
 
Options to purchase 283,557, 287,752 and 207,771 shares of common stock at respective weighted-average exercise prices of $15.48, $15.52 and $16.08 were outstanding at December 31, 2007, 2006 and 2005, respectively, but were excluded from the computation of diluted earnings per share for those years because the exercise price was greater than the average market price of the common shares.
 
11. Earnings
Per Share



 



Basic earnings per common share is computed based upon the
weighted-average number of common shares outstanding during the
year. Diluted earnings per common share is computed including
the dilutive effect of additional potential common shares
issuable under outstanding stock options. Diluted earnings per
share is not computed for periods in which an operating loss is
sustained. The computations were as follows for the years ended
December 31:


 










































































































































































































































































                         

 

 

For the years ended

 

 

 

2007


 

 

2006


 

 

2005


 



 

 

 



(In thousands, except per share information)

 
 

BASIC:

 

 

 

 

 

 

 

 

 

 

 

 


Net Earnings


 

$

4,501

 

 

$

5,874

 

 

$

8,766

 


Weighted average common shares outstanding


 

 

7,327

 

 

 

7,506

 

 

 

7,645

 

 

 

 

 

 

 


Earnings per share - Basic


 

$

0.61

 

 

$

0.78

 

 

$

1.15

 

 

 

 

 

 

 


DILUTED:


 

 

 

 

 

 

 

 

 

 

 

 


Net Earnings


 

$

4,501

 

 

$

5,874

 

 

$

8,766

 


Weighted average common shares outstanding


 

 

7,327

 

 

 

7,506

 

 

 

7,645

 


Dilutive effect of stock options


 

 

1

 

 

 

2

 

 

 

4

 

 

 

 

 

 

 


Total common shares and dilutive potential common shares


 

 

7,328

 

 

 

7,508

 

 

 

7,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Earnings per share - Diluted


 

$

0.61

 

 

$

0.78

 

 

$

1.15

 

 

 

 

 

 

 






 



Options to purchase 283,557, 287,752 and 207,771 shares of
common stock at respective weighted-average exercise prices of
$15.48, $15.52 and $16.08 were outstanding at December 31,
2007, 2006 and 2005, respectively, but were excluded from the
computation of diluted earnings per share for those years
because the exercise price was greater than the average market
price of the common shares.






 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 17, 2008

RELATED TOPICS for CAFI:

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