Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.10.0.1
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Basic weighted average number of shares outstanding
40,283

 
40,323

 
40,472

 
40,273

Effect of dilutive securities:
 
 
 
 
 
 
 
Convertible debt (1)
—

 
1,105

 
—

 
1,754

Unvested restricted stock
572

 
583

 
628

 
558

Diluted average shares outstanding
40,855

 
42,011

 
41,100

 
42,585

Net earnings as reported
$
54,135

 
$
42,550

 
$
151,847

 
$
107,702

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

 
201

 
—

 
942

Net earnings for diluted earnings per share
$
54,135

 
$
42,751

 
$
151,847

 
$
108,644

Basic earnings per share
$
1.34

 
$
1.06

 
$
3.75

 
$
2.67

Diluted earnings per share (1)
$
1.33

 
$
1.02

 
$
3.69

 
$
2.55

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

 
2

 
1

 
4

 
(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.