Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.10.0.1
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2018
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 June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Basic weighted average number of shares outstanding
40,647

 
40,317

 
40,568

 
40,248

Effect of dilutive securities:
 
 
 
 
 
 
 
Convertible debt (1)
—

 
1,991

 
—

 
2,083

Unvested restricted stock
517

 
473

 
625

 
505

Diluted average shares outstanding
41,164

 
42,781

 
41,193

 
42,836

Net earnings as reported
$
53,838

 
$
41,580

 
$
97,712

 
$
65,152

Interest attributable to Convertible Notes, net of income taxes (1)
—

 
354

 
—

 
739

Net earnings for diluted earnings per share
$
53,838

 
$
41,934

 
$
97,712

 
$
65,891

Basic earnings per share
$
1.32

 
$
1.03

 
$
2.41

 
$
1.62

Diluted earnings per share (1)
$
1.31

 
$
0.98

 
$
2.37

 
$
1.54

Antidilutive stock not included in the calculation of diluted earnings per share
1

 
59

 
1

 
2

 
(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. All of the Convertible Notes were retired in the second half of 2017.