Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.8.0.1
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2017
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 September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Basic weighted average number of shares outstanding
40,323

 
40,022

 
40,273

 
39,958

Effect of dilutive securities:
 
 
 
 
 
 
 
Convertible Notes (1)
1,105

 
2,176

 
1,754

 
2,176

Unvested restricted stock
583

 
410

 
558

 
407

Diluted average shares outstanding
42,011

 
42,608

 
42,585

 
42,541

Net earnings as reported
$
42,550

 
$
36,887

 
$
107,702

 
$
97,734

Interest attributable to Convertible Notes, net of income taxes
201

 
403

 
942

 
1,210

Net earnings for diluted earnings per share
$
42,751

 
$
37,290

 
$
108,644

 
$
98,944

Basic earnings per share
$
1.06

 
$
0.92

 
$
2.67

 
$
2.45

Diluted earnings per share (1)
$
1.02

 
$
0.88

 
$
2.55

 
$
2.33

Antidilutive stock not included in the calculation of diluted earnings per share
2

 
17

 
4

 
5

 
(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 based on the number of days our Convertible Notes were outstanding during the period.