Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.19.3
EARNINGS PER SHARE
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Basic weighted average number of shares outstanding
38,296

 
40,283

 
38,119

 
40,472

Effect of dilutive securities:
 
 
 
 
 
 
 
Unvested restricted stock
783

 
572

 
722

 
628

Diluted average shares outstanding
39,079

 
40,855

 
38,841

 
41,100

Net earnings
$
69,809

 
$
54,135

 
$
146,049

 
$
151,847

Basic earnings per share
$
1.82

 
$
1.34

 
$
3.83

 
$
3.75

Diluted earnings per share
$
1.79

 
$
1.33

 
$
3.76

 
$
3.69