Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.19.2
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2019
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 June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Basic weighted average number of shares outstanding
38,266

 
40,647

 
38,136

 
40,568

Effect of dilutive securities:
 
 
 
 
 
 
 
Unvested restricted stock
623

 
517

 
653

 
625

Diluted average shares outstanding
38,889

 
41,164

 
38,789

 
41,193

Net earnings
$
50,828

 
$
53,838

 
$
76,240

 
$
97,712

Basic earnings per share
$
1.33

 
$
1.32

 
$
2.00

 
$
2.41

Diluted earnings per share
$
1.31

 
$
1.31

 
$
1.97

 
$
2.37

Antidilutive stock not included in the calculation of diluted earnings per share
1

 
1

 
—

 
1