Annual report pursuant to Section 13 and 15(d)

Earnings per Share (Tables)

v3.8.0.1
Earnings per Share (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Earnings per share
 
For the Years Ended December 31,
 
2017 (1)
 
2016
 
2015
Numerator:
 
 
 
 
 
Net income available to common stockholders for basic and diluted net income per common share
$
647,908

 
$
745,933

 
$
509,724

Denominator:
 

 
 
 
 
Weighted average common shares outstanding for basic net income per common share
4,637,553

 
4,917,050

 
5,375,707

Weighted average impact of dilutive equity instruments
85,982

 
47,678

 
59,459

Weighted average shares for diluted net income per common share
4,723,535

 
4,964,728

 
5,435,166

Net income per common share:
 

 
 
 
 
Basic
$
0.14

 
$
0.15

 
$
0.09

Diluted
$
0.14

 
$
0.15

 
$
0.09


(1)
Our net income per basic and diluted share includes the impact of $184,599 in income tax expense, or a decrease of approximately $0.04 per share, recorded in the fourth quarter of 2017 due to the reduction in our net deferred tax asset balance as a result of the Tax Cut and Jobs Act signed into law on December 22, 2017. Refer to Note 16 for additional information.