Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.5.0.2
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2016
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,
 
2016
 
2015
 
2016
 
2015
Basic weighted average number of shares outstanding
40,022

 
39,663

 
39,958

 
39,568

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

 
2,176

 
2,176

 
2,176

Stock options and unvested restricted stock
410

 
353

 
407

 
390

Diluted average shares outstanding
42,608

 
42,192

 
42,541

 
42,134

Net earnings as reported
$
36,887

 
$
30,308

 
$
97,734

 
$
75,841

Interest attributable to convertible senior notes, net of income taxes
403

 
385

 
1,210

 
1,189

Net earnings for diluted earnings per share
$
37,290

 
$
30,693

 
$
98,944

 
$
77,030

Basic earnings per share
$
0.92

 
$
0.76

 
$
2.45

 
$
1.92

Diluted earnings per share (1)
$
0.88

 
$
0.73

 
$
2.33

 
$
1.83

Antidilutive stock options not included in the calculation of diluted earnings per share
17

 
3

 
5

 
—

 
(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.