Earnings per Share (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of common stock equivalents excluded in the calculation of diluted earnings per share

In addition to the above described effect of the 2023 notes and the related Convertible Note Hedge and Warrant Transactions, the Company also excluded the common stock equivalents for outstanding stock-based awards in the calculation of diluted EPS because their inclusion would be anti-dilutive:



	Three Months ended September 30,		Nine Months ended September 30,
	2019	2018	2019	2018
	(unaudited)		(unaudited)
Stock options	1,395,138	165,675	961,605	180,100

Schedule of computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted EPS for the three and nine months ended September 30, 2019 and 2018, in thousands of dollars, except share and per share amounts:



	Three Months ended September 30,				Nine Months ended September 30,
	2019		2018		2019		2018
	(unaudited)				(unaudited)
Numerator, in thousands:
Net earnings	$	28,860	$	28,011	$	79,927	$	85,100

Denominator:
Weighted average shares outstanding, basic	52,453,384		52,227,630		52,392,232		51,897,240

Effect of dilutive securities:
Stock options and SAR	1,352,454		2,012,217		1,506,254		2,201,090
Weighted average shares outstanding, diluted	53,805,838		54,239,847		53,898,486		54,098,330

Earnings per share, basic	$	0.55	$	0.54	$	1.53	$	1.64
Earnings per share, diluted	$	0.54	$	0.52	$	1.48	$	1.57