Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.7.0.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2017
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,
 
2017
 
2016
Basic weighted average number of shares outstanding
40,178

 
39,839

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

 
2,176

Unvested restricted stock
454

 
348

Diluted average shares outstanding
42,808

 
42,363

Net earnings as reported
$
23,572

 
$
20,969

Interest attributable to convertible senior notes, net of income taxes
387

 
400

Net earnings for diluted earnings per share
$
23,959

 
$
21,369

Basic earnings per share
$
0.59

 
$
0.53

Diluted earnings per share (1)
$
0.56

 
$
0.50

Antidilutive stock not included in the calculation of diluted earnings per share
14

 
68

 
(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.