Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

v3.19.3.a.u2
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings per Common Share
Basic and diluted earnings per common share were calculated as follows (in thousands, except per share amounts):
 
Years Ended December 31,
2019 2018 2017
Basic weighted average number of shares outstanding 38,100    40,107    40,287   
Effect of dilutive securities:
Convertible debt (1) —    —    1,311   
Stock options and unvested restricted stock 791    621    630   
Diluted average shares outstanding 38,891    40,728    42,228   
Net earnings as reported $ 249,663    $ 227,332    $ 143,255   
Interest attributable to convertible senior notes, net of income taxes —    —    941   
Net earnings for diluted earnings per share $ 249,663    $ 227,332    $ 144,196   
Basic earnings per share $ 6.55    $ 5.67    $ 3.56   
Diluted earnings per share (1) $ 6.42    $ 5.58    $ 3.41   
 
(1)In accordance with ASC 260-10, Earnings Per Share, we calculated the dilutive effect of convertible securities using the "if-converted" method based on the number of days the Convertible Notes were outstanding during the 2018 period. All of the Convertible Notes were retired in 2017.