Note 25 - Net income per share
|
|
|
Year ended December 31, |
||||
|
|
|
2015 |
|
2016 |
|
2017 |
|
|
|
(in thousands) |
||||
|
Net income for the year ended December 31 |
|
12,077 |
|
44,466 |
|
74,389 |
|
Opening balance at January 1 |
|
21,003 |
|
21,090 |
|
21,361 |
|
RSU Adjustment (see note 12A‑1) |
|
7 |
|
— |
|
— |
|
Effect of employee options exercised (1) |
|
27 |
|
93 |
|
447 |
|
Weighted average number of shares at December 31 - basic |
|
21,037 |
|
21,183 |
|
21,808 |
|
Effect of employee options (1) |
|
80 |
|
333 |
|
769 |
|
Weighted average number of shares at December 31 - diluted |
|
21,117 |
|
21,516 |
|
22,577 |
|
Net income per share (In $) |
|
|
|
|
|
|
|
Basic |
|
0.57 |
|
2.10 |
|
3.41 |
|
Diluted |
|
0.57 |
|
2.07 |
|
3.29 |
|
(1) |
See Note 26. |
The average market value of the Company’s shares for purposes of calculating the dilutive effect of share options was based on quoted market prices for the period that the options were outstanding.
At December 31, 2017, 155 thousand options (in 2016 and 2015: 236 thousand and 1,765 thousand, respectively) were excluded from the diluted weighted average number of ordinary shares calculation as their effect would have been anti-dilutive.