Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2020

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 of the following outstanding stock-based awards in the calculation of diluted EPS, because their inclusion would be anti-dilutive:


	Three Months ended March 31,
	2020	2019
	(unaudited)



Stock options, RSUs, PSUs	3,034,099	608,948

Schedule of computation of basic and diluted earnings per share

The following table sets forth the computation of basic and diluted net earnings per share for the three months ended March 31, 2020 and 2019 (dollars in thousands, except share and per share amounts):


	Three Months ended March 31,
	2020		2019
	(unaudited)
Numerator, dollars in thousands:
Net earnings	$	21,518	$	18,340

Denominator:
Weighted average shares outstanding, basic	52,534,787		52,336,443

Effect of dilutive securities:
Stock options, PSU, RSU and SAR	1,046,264		1,648,942
Weighted average shares outstanding, diluted	53,581,051		53,985,385

Earnings per share, basic	$	0.41	$	0.35
Earnings per share, diluted	$	0.40	$	0.34