Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.19.1
EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 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):
 
 
Three Months Ended March 31,
 
2019
 
2018
Basic weighted average number of shares outstanding
38,215

 
40,488

Effect of dilutive securities:
 
 
 
Unvested restricted stock
634

 
652

Diluted average shares outstanding
38,849

 
41,140

Net earnings
$
25,412

 
$
43,874

Basic earnings per share
$
0.66

 
$
1.08

Diluted earnings per share
$
0.65

 
$
1.07

Antidilutive stock not included in the calculation of diluted earnings per share
139

 
1