Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.1.9
Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic and diluted earnings per common share were calculated as follows (in thousands, except per share amounts):
 
 
 
Three Months Ended March 31,
 
 
2015
 
2014
Basic weighted average number of shares outstanding
 
39,390

 
38,687

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

 
2,176

Stock options and unvested restricted stock
 
382

 
445

Diluted average shares outstanding
 
41,948

 
41,308

Net earnings as reported
 
$
16,400

 
$
25,377

Interest attributable to convertible senior notes, net of income taxes
 
385

 
379

Net earnings for diluted earnings per share
 
$
16,785

 
$
25,756

Basic earnings per share
 
$
0.42

 
$
0.66

Diluted earnings per share (1)
 
$
0.40

 
$
0.62

Antidilutive stock options not included in the calculation of diluted earnings per share
 
7

 
—

 
(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.