Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS/(LOSS) PER SHARE
NOTE 7 — 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,
 
2014
 
2013
Basic weighted average number of shares outstanding
38,687

 
35,798

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

 
2,176

Stock options and unvested restricted stock
445

 
466

Diluted weighted average shares outstanding
41,308

 
38,440

 
 
 
 
Net earnings as reported
$
25,377

 
$
12,041

Interest attributable to convertible senior notes, net of income taxes
379

 
365

Net earnings for diluted earnings per share
$
25,756

 
12,406

Basic earnings per share
$
0.66

 
$
0.34

Diluted earnings per share (1)
$
0.62

 
$
0.32

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

 
271


(1)
In accordance with ASC Subtopic 260-10, Earnings Per Share, we calculate the dilutive effect of convertible securities using the "if-converted" method.