Earnings per Share (Tables)

9 Months Ended

Sep. 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 September 30,		Nine Months ended September 30,
	2020	2019	2020	2019
	(unaudited)		(unaudited)
Stock options, RSUs, PSUs	2,677,770	1,395,138	2,905,469	961,605

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

	Three Months ended September 30,				Nine Months ended September 30,
	2020		2019		2020		2019
	(unaudited)				(unaudited)
Numerator, dollars in thousands:
Net earnings	$	39,997	$	28,860	$	96,182	$	79,927
Denominator:
Weighted average shares outstanding, basic	52,658,850		52,453,384		52,583,891		52,392,232
Effect of dilutive securities:
Stock options, RSUs and SARs	1,103,792		1,352,454		1,079,382		1,506,254
Weighted average shares outstanding, diluted	53,762,642		53,805,838		53,663,273		53,898,486
Earnings per share, basic	$	0.76	$	0.55	$	1.83	$	1.53
Earnings per share, diluted	$	0.74	$	0.54	$	1.79	$	1.48