Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.0.8
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Basic and diluted (loss)/earnings per common 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,
 
2014
 
2013
 
2014
 
2013
Basic weighted average number of shares outstanding
39,123

 
36,226

 
38,977

 
36,060

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

 
2,176

 
2,176

 
2,176

Stock options and unvested restricted stock
357

 
463

 
411

 
535

Diluted weighted average shares outstanding
41,656

 
38,865

 
41,564

 
38,771

 
 
 
 
 
 
 
 
Net earnings as reported
$
32,577

 
$
38,191

 
$
93,033

 
$
78,375

Interest attributable to convertible senior notes, net of income taxes
378

 
393

 
1,135

 
1,180

Net earnings for diluted earnings per share
$
32,955

 
38,584

 
$
94,168

 
79,555

Basic earnings per share
$
0.83

 
$
1.05

 
$
2.39

 
$
2.17

Diluted earnings per share (1)
$
0.79

 
$
0.99

 
$
2.27

 
$
2.05

Antidilutive stock options not included in the calculation of diluted earnings per share
22

 
10

 
24

 
5


(1)
In accordance with ASC Subtopic 260-10, Earnings Per Share, we calculate the dilutive effect of convertible securities using the "if-converted" method.