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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule Computing Earnings Per Share

The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows:

Three months ended

September 30,

Nine months ended

September 30,

(in thousands, except market price and earnings per share)

2019

2018

2019

2018

Net income attributable to the Company

$40,009

$27,736

$103,253

$65,300

Weighted average number of shares:

Weighted average number of shares used in calculating basic net income per share

32,306

32,264

32,293

32,247

Effect of dilutive stock-based compensation plans:

Stock options

11

16

12

16

Weighted average number of shares used in calculating diluted net income per share

32,317

32,280

32,305

32,263

Average market price of common stock used for calculation of dilutive shares

$82.99

$72.30

$76.45

$66.01

Net income attributable to the Company per share:

Basic

$1.24

$0.86

$3.20

$2.02

Diluted

$1.24

$0.86

$3.20

$2.02