Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.2.0.727
Earnings Per Share
 6 Months Ended
Jun. 30, 2015
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,
 
 
2015
 
2014
 
2015
 
2014
Basic weighted average number of shares outstanding
 
39,648

 
39,118

 
39,520

 
38,904

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

 
2,176

 
2,176

 
2,176

Stock options and unvested restricted stock
 
321

 
304

 
383

 
407

Diluted average shares outstanding
 
42,145

 
41,598

 
42,079

 
41,487

Net earnings as reported
 
$
29,133

 
$
35,079

 
$
45,533

 
$
60,456

Interest attributable to convertible senior notes, net of income taxes
 
386

 
378

 
771

 
757

Net earnings for diluted earnings per share
 
$
29,519

 
$
35,457

 
$
46,304

 
$
61,213

Basic earnings per share
 
$
0.73

 
$
0.90

 
$
1.15

 
$
1.55

Diluted earnings per share (1)
 
$
0.70

 
$
0.85

 
$
1.10

 
$
1.48

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

 
254

 
7

 
20

 
(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.