Net Earnings Per Share ("EPS")

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Net Earnings Per Share ("EPS")

4. Net Earnings Per Share (“EPS”)

Basic EPS is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each period.  Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method.  Dilutive potential common shares include outstanding restricted stock units (“RSUs”).  A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data):

	Three Months Ended March 31,
	2019		2018
Numerator:
Net earnings	$	39,327	$	33,003
Denominator:
Weighted average shares used to    compute basic EPS		35,609		35,913
Dilutive potential common shares due to    dilutive RSUs, net of tax effect		494		350
Weighted average shares used to compute    diluted EPS		36,103		36,263
Net earnings per share:
Basic	$	1.10	$	0.92
Diluted	$	1.09	$	0.91

For the three months ended March 31, 2019 and 2018, 164,000 and 20,000, respectively, of our RSUs were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive.  These share-based awards could be dilutive in the future.