NET EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2016

NET EARNINGS PER COMMON SHARE [Abstract]

NET EARNINGS PER COMMON SHARE

NOTE 10 - NET EARNINGS PER COMMON SHARE

The following presents a reconciliation of the net earnings and shares used in calculating basic and diluted net earnings per common share:

2016	Earnings (Numerator)		Number of Shares (Denominator)		Per Share Amount
Basic EPS – Net earnings and weighted average common shares outstanding	$	55,972		31,521,667	$	1.78
Effect of dilutive securities – stock options, restricted stock, and performance shares				400,971
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options and restricted stock	$	55,972		31,922,638	$	1.75

2015	Earnings (Numerator)		Number of Shares (Denominator)		Per Share Amount
Basic EPS – Net earnings and weighted average common shares outstanding	$	59,722		31,158,142	$	1.92
Effect of dilutive securities – stock options, restricted stock, and performance shares				477,496
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options and restricted stock	$	59,722		31,635,638	$	1.89

2014	Earnings (Numerator)		Number of Shares (Denominator)		Per Share Amount
Basic EPS – Net earnings and weighted average common shares outstanding	$	52,826		30,381,310	$	1.74
Effect of dilutive securities – stock options and restricted stock				790,412
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options and restricted stock	$	52,826		31,171,722	$	1.69

The Company had 2,500, 194,372, and 56,500 stock options outstanding at December 31, 2016, 2015 and 2014, respectively that could potentially dilute basic earnings per share in future periods that were not included in diluted earnings per share because their effect on the period presented was anti-dilutive.

The Company has some share-based payment awards that have non-forfeitable dividend rights. These awards are restricted shares and they participate on a one-for-one basis with holders of Common Stock. These awards have an immaterial impact as participating securities with regard to the calculation using the two-class method for determining earnings per share.