NET EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2018

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 March 31, 2018	Net Earnings (Numerator)		Number of Shares (Denominator)		Per Share Amount
Basic EPS – Net earnings and weighted average common shares outstanding	$	19,346		31,985,332	$	.60
Effect of dilutive securities – stock options, restricted stock, and performance shares				342,001
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options, restricted stock, and performance shares	$	19,346		32,327,333	$	.60

Three months ended March 31, 2017	Net Earnings (Numerator)		Number of Shares (Denominator)		Per Share Amount
Basic EPS – Net earnings and weighted average common shares outstanding	$	15,518		31,706,205	$	.49
Effect of dilutive securities – stock options, restricted stock, and performance shares				483,415
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options, restricted stock, and performance shares	$	15,518		32,189,620	$	.48

The Company had stock options covering 347,211 and 217,860 shares at March 31, 2018 and 2017, 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.