NET EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2017

NET EARNINGS PER SHARE [Abstract]

NET EARNINGS PER SHARE

NOTE 9 – NET EARNINGS PER SHARE

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

Three months ended June 30, 2017	Net Earnings (Numerator)		Number of Shares (Denominator)		Per Share Amount
Basic EPS – Net earnings and weighted average common shares outstanding	$	16,536		31,798,773	$	.52
Effect of dilutive securities – stock options, restricted stock, and performance shares				403,782
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options, restricted stock, and performance shares	$	16,536		32,202,555	$	.51

Three months ended June 30, 2016	Net Earnings (Numerator)		Number of Shares (Denominator)		Per Share Amount
Basic EPS – Net earnings and weighted average common shares outstanding	$	14,150		31,476,298	$	.45
Effect of dilutive securities – stock options, restricted stock, and performance shares				398,886
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options, restricted stock, and performance shares	$	14,150		31,875,184	$	.44

Six months ended June 30, 2017	Net Earnings (Numerator)		Number of Shares (Denominator)		Per Share Amount
Basic EPS – Net earnings and weighted average common shares outstanding	$	32,053		31,752,489	$	1.01
Effect of dilutive securities – stock options, restricted stock, and performance shares				442,563
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options, restricted stock, and performance shares	$	32,053		32,195,052	$	1.00

Six months ended June 30, 2016	Net Earnings (Numerator)		Number of Shares (Denominator)		Per Share Amount
Basic EPS – Net earnings and weighted average common shares outstanding	$	26,036		31,441,545	$	.83
Effect of dilutive securities – stock options, restricted stock, and performance shares				401,052
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options, restricted stock, and performance shares	$	26,036		31,842,597	$	.82

The Company had stock options covering 230,108 and 531,132 shares at June 30, 2017 and 2016, 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.