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NET EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
NET EARNINGS PER COMMON SHARE 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:
2018
 
Earnings
(Numerator)
 
Number of Shares
(Denominator)
 
Per Share
Amount
Basic EPS – Net earnings and weighted average common shares outstanding
 
$
78,573

 
32,093,037

 
$
2.45

 
 
 
 
 
 
 
Effect of dilutive securities – stock options, restricted stock, and performance shares
 
 
 
351,858

 
 
 
 
 
 
 
 
 
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options, restricted stock, and performance shares
 
$
78,573

 
32,444,895

 
$
2.42

2017
 
Earnings
(Numerator)
 
Number of Shares
(Denominator)
 
Per Share
 Amount
Basic EPS – Net earnings and weighted average common shares outstanding
 
$
90,071

 
31,838,641

 
$
2.83

 
 
 
 
 
 
 
Effect of dilutive securities – stock options, restricted stock, and performance shares
 
 
 
391,165

 
 
 
 
 
 
 
 
 
Diluted EPS – Net earnings and weighted average common shares outstanding and effect of stock options, restricted stock, and performance shares
 
$
90,071

 
32,229,806

 
$
2.79

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, restricted stock, and performance shares
 
$
55,972

 
31,922,638

 
$
1.75


The Company had 188,470, 199,010, and 2,500 stock options outstanding at December 31, 2018, 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.