Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.3.0.814
Earnings Per Share
 9 Months Ended
Sep. 30, 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 September 30,
 
Nine Months Ended September 30,
 
 
2015
 
2014
 
2015
 
2014
Basic weighted average number of shares outstanding
 
39,663

 
39,123

 
39,568

 
38,977

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

 
2,176

 
2,176

 
2,176

Stock options and unvested restricted stock
 
353

 
357

 
390

 
411

Diluted average shares outstanding
 
42,192

 
41,656

 
42,134

 
41,564

Net earnings as reported
 
$
30,308

 
$
32,577

 
$
75,841

 
$
93,033

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

 
378

 
1,189

 
1,135

Net earnings for diluted earnings per share
 
$
30,693

 
$
32,955

 
$
77,030

 
$
94,168

Basic earnings per share
 
$
0.76

 
$
0.83

 
$
1.92

 
$
2.39

Diluted earnings per share (1)
 
$
0.73

 
$
0.79

 
$
1.83

 
$
2.27

Antidilutive stock options not included in the calculation of diluted earnings per share
 
3

 
22

 
—

 
24

 
(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.