Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.4.0.3
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2016
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 March 31,
 
 
2016
 
2015
Basic weighted average number of shares outstanding
 
39,839

 
39,390

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

 
2,176

Stock options and unvested restricted stock
 
348

 
382

Diluted average shares outstanding
 
42,363

 
41,948

Net earnings as reported
 
$
20,969

 
$
16,400

Interest attributable to convertible senior notes, net of income taxes
 
400

 
385

Net earnings for diluted earnings per share
 
$
21,369

 
$
16,785

Basic earnings per share
 
$
0.53

 
$
0.42

Diluted earnings per share (1)
 
$
0.50

 
$
0.40

Antidilutive stock options not included in the calculation of diluted earnings per share
 
68

 
7

 
(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.