Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) Per Share (Tables)

v2.4.1.9
Earnings (Loss) Per Share (Tables)
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Basic and diluted (loss)/earnings per common share
Basic and diluted earnings per common share were calculated as follows (in thousands, except per share amounts):
 
 
 
Years Ended December 31,
 
 
2014
 
2013
 
2012
Basic weighted average number of shares outstanding
 
39,017

 
36,105

 
34,057

Effect of dilutive securities:
 
 
 
 
 
 
Convertible debt (1)
 
2,176

 
2,176

 
612

Stock options and unvested restricted stock
 
421

 
520

 
503

Diluted average shares outstanding
 
41,614

 
38,801

 
35,172

Net earnings as reported
 
$
142,241

 
$
124,464

 
$
105,163

Interest attributable to Convertible Senior Notes, net of income taxes
 
1,573

 
1,454

 
418

Net earnings for diluted earnings per share
 
$
143,814

 
$
125,918

 
$
105,581

Basic earnings per share
 
$
3.65

 
$
3.45

 
$
3.09

Diluted earnings per share (1)
 
$
3.46

 
$
3.25

 
$
3.00

Antidilutive stock options not included in the calculation of diluted earnings per share
 
26

 
7

 
256

 
(1)
In accordance with ASC 260-10, Earnings Per Share, ("ASC 260-10") we calculate the dilutive effect of convertible securities using the "if-converted" method.