Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

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 June 30,		Six Months ended June 30,
	2020	2019	2020	2019
	(unaudited)		(unaudited)
Stock options, RSUs, PSUs	2,999,885	1,030,370	3,022,165	300,342

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 and six months ended June 30, 2020 and 2019 (dollars in thousands, except share and per share amounts):

	Three Months ended June 30,				Six Months ended June 30,
	2020		2019		2020		2019
	(unaudited)				(unaudited)
Numerator, dollars in thousands:
Net earnings	$	34,667	$	32,727	$	56,185	$	51,067
Denominator:
Weighted average shares outstanding, basic	52,557,035		52,385,590		52,545,910		52,361,149
Effect of dilutive securities:
Stock options, RSU and SAR	1,088,793		1,527,387		1,065,508		1,586,685
Weighted average shares outstanding, diluted	53,645,828		53,912,977		53,611,418		53,947,834
Earnings per share, basic	$	0.66	$	0.62	$	1.07	$	0.98
Earnings per share, diluted	$	0.65	$	0.61	$	1.05	$	0.95